Ethereum (ETH) price has gained about 3.5% in the past week, hinting at a small rebound. But the token is still down more than 2% on the daily chart, showing that selling pressure hasn’t fully eased.
This mix of short-term recovery and daily weakness explains why Ethereum’s breakout attempt failed on October 27 — though one group of investors is still quietly preparing for another bounce.
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Cooling Demand Explains The Breakout Failure
Ethereum’s latest rejection has roots in slowing accumulation among active holders.
The holder accumulation ratio, which measures how many wallets are increasing versus cutting their ETH holdings, dropped from 31.278 to 30.964, a 1% decline from its recent 3-month peak.
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That drop means fewer addresses are adding ETH even…
