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Breaking News: Could Bitcoin Hit $90,000 And Trigger A New Altcoin Rally? Expert Cites 6 Major Catalysts

Ethereum Retail Hands Still In Disbelief, Keep Selling Into Strength

Keshav Verma
Keshav Verma
Last Updated: April 16, 2026 8:00 am
2 mins read
Ethereum

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On-chain data shows the small Ethereum hands have sold into the latest price surge, a sign that retail traders don’t believe that the rally will last.

Ethereum Retail Supply Has Seen A Notable Decline Recently

According to data from on-chain analytics firm Santiment, the retail-sized Ethereum investors have been reducing their supply recently. The indicator of relevance here is the “Supply Distribution,” which tells us about the amount of the cryptocurrency that’s being held by a particular wallet cohort.

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Addresses are divided into these groups based on the number of tokens that they are carrying in their balance. The 1 to 10 coins cohort, for example, includes all investors owning between 1 and 10 ETH. In the context of the current topic, the group of interest is the one pertaining to a range of 0 to 0.01 ETH. The upper limit of the range is a relatively small one, so it provides a representation of the retail hands present on the Ethereum network.

Below is a chart that shows the trend in the ETH Supply Distribution for the 0 to 0.01 coins group over the past year.

Ethereum Retail Traders
Looks like the value of the metric has plunged in recent days | Source: Santiment on X

As displayed in the graph, the small Ethereum holders participated in accumulation between April and December 2025. In this window, they collectively added 6,195 ETH to their holdings, representing a jump of 4.1%. Most of the buying came alongside an uptrend in the price, but retail traders still continued to accumulate even after the bearish shift in the last quarter of 2025.

This trend flipped in January, however, indicating that the lack of a bullish return started causing an exodus from the 0 to 0.01 cohort. For most of 2026, the selloff from retail investors has been a gradual one, but as is apparent from the chart, a sharp plunge in the cohort’s Supply Distribution has occurred alongside the recent price recovery.

In just the past two days, members of the group have parted with 1,791 ETH. Given this trend, it would appear that the retail traders don’t believe this bullish momentum will last, so they are using it for taking their profits. If history is anything to go by, though, this development may not entirely be a negative one for Ethereum.

Often, digital asset markets tend to move in the direction that goes contrary to the crowd opinion. “The crowd believes this +17% pump since March 29th is a bull trap, which strengthens the likelihood of this bullish momentum continuing,” explained Santiment.

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It now remains to be seen whether the 0 to 0.01 ETH cohort will see its profit-taking spree continue in the coming days and if the Ethereum rally will be able to march on.

ETH Price

Ethereum has recovered back to the $2,340 mark following its surge over the last couple of days.

Ethereum Price Chart
The price of the coin seems to have jumped recently | Source: ETHUSDT on TradingView
Featured image from Dall-E, chart from TradingView.com
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Keshav Verma
Keshav Verma

Keshav Verma

Keshav is currently a senior writer at NewsBTC and has been attached to the website since June 14, 2021.

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Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been the longest he has been attached to.

In terms of official educational qualifications, Keshav holds a bachelor’s degree in Physics from one of the premier institutes of India, the University of Delhi (DU). He started the degree with an aim of eventually making a career in Physics, but the onset of COVID led to a shift in plans. The virus meant that the college classes had to be delivered in the online-mode and with it came free time for him to explore other passions.

Initially only seeking to make some beer money, Keshav unexpectedly landed clients offering real projects, after which there was no looking back. Writing was something he had always enjoyed and to be able to do it for a living was like a dream come true.

Keshav completed his Physics degree in 2022 and has been focusing on his writing career since, but that doesn’t mean his passion for Physics has ended. He eventually plans to re-enter university to obtain a masters degree in the same field, but perhaps only to satiate his own interest rather than for using it as a means to find employment..

Keshav has found blockchain and its concepts fascinating ever since he started going down the rabbit-hole back in 2020. On-chain analysis in particular has been something he likes to research more about, which is why his NewsBTC pieces tend to involve it in some form.

Being of the science background, Keshav likes if concepts are clear and consistent, so he generally explains the indicators he talks about in a bit of detail so that the readers can perhaps come out having understood and learnt something new.

As for hobbies, Keshav is super into football, anime, and videogames. He enjoys football not only as a watcher, but also as a player. For games, Keshav generally tends towards enjoying singleplayer adventures, with EA FC (formerly FIFA) being the only online game he is active in. Though, perhaps due to being ultra-focused on the game, he is today a semi-pro on the EA FC scene, regularly participating in tournaments and sometimes even taking back prize money.

Because of his enthusiasm for anime and games, he also self-learned Japanese along the way to consume some of the untranslated gems out there. The skill didn’t merely remain as just a hobby, either, as he put it to productive use during his exploration for small-time gigs at the start of COVID, fulfilling a couple of Japanese-to-English translation jobs.

Keshav is also big into fitness, with agility and acceleration-related workouts making a big part of his program due to the relevance they have in football. On top of that, he also has a more traditional strength based program for the gym, which he does to maintain an overall fitness level of his body.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

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