Ethereum Price Resists Market Weakness As Buyers Position for $4000

This behavior makes Ethereum stand out.

Traders often consider this “relative strength,” but in simple terms, it means Ethereum is not falling as easily as other coins. That usually happens when demand stays active.

This steady price action is the first reason the Ethereum price is getting attention right now.

Also, if you look at the ETH price chart, the bull flag breakout is clear. However, confirmation would be needed on the other side of $3,192.

Holders and Whales Are Buying Instead of Selling

On-chain data supports what the price is showing. Ethereum Holder Accumulation Ratio has increased over the past two weeks. It rose from 26.58% on December 11 to 26.79%.

This metric shows how many long-term holders are adding to their positions instead of reducing them.

ETH Holders Buying | Source: Glassnode

When this number rises during sideways price action, it suggests confidence.

Holders are choosing to buy at current levels rather than wait for lower prices. This kind of behavior often appears during consolidation phases before a larger move.

Whale activity tells a similar story. Large wallets have been buying Ethereum again. Some whales sold Bitcoin or borrowed stablecoins to increase their Ethereum exposure. Single purchases involved tens of thousands of ETH, worth hundreds of millions of dollars.

It is also worth noting that these are spot buys and not derivatives positioning. This means the whales might not be expecting immediate outperformance but a steady upmove.

This type of buying usually does not happen randomly. Large players tend to build positions quietly when the price is calm. They often act early, before momentum becomes obvious to everyone else.

Network Costs Drop As Ethereum Price Builds a Base

Ethereum network conditions have also improved. After the Fusaka upgrade, gas fees dropped sharply. Fees recently fell to around 0.048 gwei, which is close to levels last seen in 2017.

Lower gas fees make the network easier to use. Users pay less to move funds or interact with applications. Developers also face lower costs when deploying or maintaining projects.

This reduces pressure on the ecosystem and improves overall network health.

Better network conditions often help price stability. When costs are high, users reduce activity. When costs are low, usage can grow again. This supports demand for ETH price over time.

From a price structure point of view, Ethereum price is still building a support-like base.

As long as ETH price holds above $3,100, the structure remains intact. If the price breaks above $3,488, charts point toward $4,000 and possibly $4,200 next.

Ethereum price risk is clear and easy to track. A clean break below $3,100 would weaken the setup and delay the upside case.