Trend Research has made a significant purchase of 11,520 ETH, valued at approximately $34.93 million, according to Lookonchain data. This acquisition, executed on December 29, reflects a strong buying pressure in the market, suggesting a potential shift from a bearish trend to an accumulation phase. The move is seen as a key indicator of near-term sentiment, as on-chain data highlights the transaction amid a mixed market environment. Analysts are closely watching this development for signs of changing market dynamics.