Ethereum's market dynamics are presenting mixed signals as different investor cohorts exhibit varying behaviors. Wallets holding between 1,000 and 10,000 ETH are contributing to bearish pressure through consistent sell-offs. In contrast, U.S. investors are showing bullish tendencies, evidenced by the Coinbase Premium Index rising to 0.03, indicating increased buying activity. Ethereum is currently trading at $3,033, with exchange reserves stabilizing and a notable decrease in depositing addresses, suggesting a reduction in selling pressure. Larger Ethereum holders, with balances ranging from 10,000 to 1 million ETH, remain largely inactive, delaying any significant market reversal. Meanwhile, Korean investors are also displaying bullish behavior, as reflected by the Korea Premium Index maintaining a level above 1 since September. On-chain data from CryptoQuant highlights a trend of funds moving off exchanges, a pattern historically associated with long-term holding and reduced liquidation risks.