Large Ethereum holders have withdrawn over $75 million worth of cryptocurrency from exchanges, signaling aggressive accumulation. As buyers show increased demand, technical indicators suggest possible recovery, with a key liquidity zone near $2,150 potentially influencing price movement.
Large Ethereum holders have withdrawn more than 39,700 ETH worth roughly $75 million from major exchanges, indicating aggressive accumulation across the market. Data from multiple transactions highlighted whales removing 9,220 ETH from OKX and Bybit, 5,000 ETH from Gemini, and 2,508 ETH from Binance. Institutional wallets linked to Cumberland pulled 23,000 ETH valued at around $50.1 million from Binance and Coinbase.
Such large withdrawals typically reduce available exchange supply while alluding to longer-term positioning by major players. At the time of writing, Ethereum was trading near $2,089, with large holders continuing to transfer coins into private wallets. With exchange reserves falling and institutional wallets expanding their balances, this accumulation wave raises a key question regarding whether tightening supply conditions can support Ethereum’s next recovery phase.
The world’s largest altcoin stabilized after its aggressive sell-off, holding a consolidation range between $1,807 and $2,152. However, recovery attempts continued to face resistance near the $2,152-level, which previously acted as a breakdown point during the decline. Several technical indicators hinted at stronger bullish pressure, with the Stochastic RSI surging to signal elevated buying activity following Ethereum’s stabilization.
Market order flow also highlighted rising demand within Ethereum’s spot markets. The Spot Taker CVD over the past 90 days underlined taker buy dominance, meaning aggressive buyers have begun executing more market orders than sellers. When such buying activity appears alongside large exchange withdrawals, it often signals coordinated accumulation behavior among participants.
Derivatives data revealed dense liquidity around the $2,150-level, now sitting above the market price. These clusters represent areas where leveraged positions could face forced liquidations if the price approaches those levels. Given that Ethereum was trading near $2,089, it places the $2,150 liquidity region within short-term reach.
