Investors in Ethereum have started buying again.

Recently, there has been a significant development in the Ethereum (ETH) market. Major Ethereum investors are showing a tendency to buy again following the selling pressure experienced in recent weeks. On-chain analysis platform Santiment has reached data indicating that large investors holding between 100 and 10,000 Ethereum, commonly referred to as whales and sharks, have not lost confidence in the market.

Between October 5 and October 16, these large investors executed a total of 1.36 million Ethereum sales. However, it is noteworthy that approximately one-sixth of this amount, or 226,000 Ethereum, was repurchased in a very short time. Santiment emphasized that this movement is an important sign that confidence in the Ethereum market is beginning to be restored. Investors, affected by the prolonged selling pressure, have begun to shift towards buying and resist the negative trend in the market.

Whale movements have the potential to significantly impact price trends. According to Santiment, the re-establishment of buying positions by these large investors may support upward movements in the Ethereum price. It is known that similar circumstances in the past have created signals for major price fluctuations. Therefore, the steps taken by the whales in the buying direction may have a positive effect on investor psychology and increase Ethereum's market dominance.

In summary, this is an important period for investors. These buying movements in Ethereum may provide a slight improvement in price stability and market confidence. It is crucial for investors to closely monitor these developments, take necessary precautions, and evaluate potential opportunities.