Ethereum whales and retail investors are both accumulating the token, according to on-chain analytics firm Santiment, signaling aligned bullish conviction across investor tiers. Over the past month, wallet addresses holding between 100 and 100,000 ETH increased their share of total ETH supply by 1.73 percent, while smaller holders with balances below 0.01 ETH expanded their positions by 1.82 percent.
The synchronized accumulation pattern across both institutional-scale and retail cohorts suggests growing confidence in Ethereum despite recent market volatility. The nearly identical percentage gains indicate neither segment is dominating buying pressure, though the slight edge for retail accumulation could indicate broader retail participation in the token's upside.