Ethereum Returns to the "Discount Zone": Large Investors Quietly Accumulate, Will History Repeat Itself?

Question

[Coin World] Ethereum has returned to that familiar “discount zone”. A look back at the historical records shows that every time it reaches this price level, there are often major movements afterward. Although the recent fall to just over $2700 has caused some panic, on-chain data hides another story—Large Investors are quietly accumulating, with 32 ETH being staked in contracts, clearly positioning for the long term.

The current market looks a bit like the two explosive periods in 2017 and 2020. After such a long period of consolidation, it may not be about continuing to fall, but rather more like preparing for a big move. When market sentiment is low, it is often when smart money quietly enters the market.

BearMarketMonk · Accepted Answer

I believe in Large Investors hoarding goods, but I&#39;m afraid it might be another pitfall; I experienced that wave in 2017 as well.

Is it really a good time to enter a position when it falls to 2700? It feels like every time people say that.

The on-chain data looks good, but there are many retail investors following the trend and catching a falling knife.

ForkMaster · Answer

I&#39;ve heard the saying about Large Investors hoarding too many times; every time they say history repeats itself, but what’s the result? I didn’t buy the dip during that wave in 2017, and I caught it halfway up in 2020. Now, raising three kids, I can barely afford the formula, and I truly can’t hoard 32 ETH in such whole number units.

But that said, the stake data this time is indeed on the rise; this is hard data, better than a nice story. I&#39;m just afraid that it will be another harvest of a betting protocol, where the project party still profits comfortably while retail investors are left dumbfounded.

However, I am indeed following the $2700 price level and just waiting for the opportunity to take action.

WalletDetective · Answer

Large Investors hoarding has never been baseless; this wave is quite interesting.

If history really repeats itself, my 32 ETH should have doubled by now, but why are we still here grinding?

The 2700 discount zone is indeed attractive; it all depends on whether smart money will continue to catch a falling knife.

Why panic? The data in the staking contracts won&#39;t lie; we need to have a sense of what they are betting on.

MelonField · Answer

Large Investors are quietly buying the dip, and we are still shivering here.

2700 is really tempting, just that we are out of bullets, brother.

History repeating itself? Let&#39;s hope... Anyway, after being sideways for so long, it has to move.

When smart money enters the market, we retail investors still have to wait, really can&#39;t hold on any longer.

So much ETH has come into the staking contract, it really feels like something is about to happen.

MetaMaskVictim · Answer

Another one of these? Large Investors hoarding, history repeating, smart money entering the market... They said the same thing this time last year, and what was the result?