Dormant funds are reactivated, and ETH shows a "old whale returning" type of accumulation signal.

Monitoring shows that a wallet that has been dormant for about 1.6 years suddenly re-enters the market, recently buying ETH in bulk:

A single purchase of about 3,017 ETH, totaling approximately $7 million, with an average price of about $2,320
Cumulative addition of about 7,300 ETH over the past two days, with a total scale of about $17 million

From a behavioral structure perspective, this is not short-term trading, but a typical "dormant address restart + phased position building" pattern.

Characteristics of such funds usually include three points:

Extremely long holding periods, insensitive to short-term fluctuations
Entry pace is phased, not a one-time heavy position
More inclined toward medium- to long-term trend judgment rather than emotional trading

Historically, similar "sleeping funds revival" often appears in two stages:
Either a re-confirmation of the trend direction at the early stage; or a re-layout after mid-term adjustments.

Currently, what is more worth paying attention to is not the size of a single purchase, but the continuity—
Whether they will continue to accumulate, which determines the strength level of this kind of signal.

When old chips re-enter the market, it often enters a "re-pricing phase."

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