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Crypto quant data indicates institutional re-entry into the Ethereum market. Amid recent volatility that pushed $ETH near the $3,200 mark, whale activity picked up, a recurring signal often seen during local bottom formations and early accumulation phases. Current data suggests that large investors are quietly rebuilding positions at lower levels. If Ethereum sustains support within the $3,000 - $3,400 range, it could consolidate into a low-volatility accumulation zone, setting the stage for a potential breakout toward the $4,500 - $4,800 region.