#以太坊大户持仓变化 $ETH has recently attracted a lot of attention. According to on-chain data, large holders have been continuously accumulating at low levels, with individual transactions totaling over 10,000 coins, and an average cost around $3,097. More notably, institutional investors are using 3x leverage to go long with a single position reaching a scale of $62.2 million, which is currently showing unrealized gains.

From a capital perspective, Ethereum-related spot ETF products are performing actively, with daily institutional net inflows approaching $114 million, indicating significant traditional capital deployment. Technically, the $3,400 level has been clearly identified as support, which explains why large holders and institutions frequently trade within this range.

Based on the current on-chain activity and capital accumulation, if this support level continues to hold, the next key resistance is approximately around $3,800. Market participants are closely watching the development of this trend, with large holders' position movements and institutional buying pace becoming the most significant signals for reference.