Smart Money Strikes Again as Ethereum Builds on Multi-Year Bullish Pattern

Smart money re-entered Ethereum with precision, aligning with one of the largest weekly inflows and reinforcing the bullish momentum.

Ethereum maintains strong upward momentum within a multi-year ascending channel, backed by institutional inflows and technical strength.

Historical support zones near $2,800 and $1,800 continue to trigger rebounds as Ethereum climbs toward upper channel resistance near $3,700.

According to Spot On chain, a savvy institution recently re-entered Ethereum, buying 30,000 ETH (~$75.39 million) through Wintermute OTC. The move came just days after selling the same position for $78.63 million, locking in $23.73 million in profit. Consequently, this sharp timing highlights renewed confidence in ETH’s bullish outlook. Moreover, Ethereum has seen one of its largest weekly inflows on record, underscoring strong institutional demand. As ETH trades above $3,700, signs point to continued upward momentum.

Institutional Confidence Signals Strong Bullish Continuation

The recent OTC buyback was perfectly timed before Ethereum's latest price spike. The institution now holds $1.13 million in unrealized gains. Besides, this move reflects smart money anticipating a stronger ETH rally. On-chain data reveals consistent accumulation around key support zones, especially near $2,800 and $1,800. These areas have historically triggered sharp rebounds within Ethereum’s ascending channel.

Additionally, the market’s recent structure supports bullish continuation. Weekly candles reflect strong momentum with shallow corrections. Price action maintains higher highs and higher lows—core features of a long-term uptrend. Ethereum remains well-positioned within its parallel channel, which has defined movement since 2017.

Technical Structure Remains Firmly Bullish

Ethereum's macro chart from 2017 to 2026 illustrates solid price expansion. After trading under $100 in early 2017, ETH surged to $1,400 by 2018. However, a two-year correction followed, pushing ETH back near $100 in 2020. That phase ended in late 2020, launching a rally that topped $4,800 in 2021.

Source: Ted

Moreover, the 2022 bear market tested lower channel support at $880. ETH rebounded swiftly and respected the established trend. Since then, Ethereum has steadily climbed. Each touch of the lower trendline produced substantial rallies. Conversely, upper channel contacts led to brief consolidations before continuation.

Volume patterns further support this structure. Significant inflows align with major breakouts, while quiet periods precede rally phases. Hence, institutional inflows now signal renewed bullish energy. Ethereum remains structurally strong, supported by clear technical patterns and market cycles.

The post Smart Money Strikes Again as Ethereum Builds on Multi-Year Bullish Pattern appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.