Journalist
Posted:
- The volume of large transactions has increased in the last few days.
- ETH saw a slight rebound in the last 24 hours.
Ethereum[ETH] whales are making waves again, withdrawing massive amounts of ETH from Binance shortly after the market rebounded.
Analysis showed that four fresh wallets removed 8,440 ETH worth $28.43 million in the last trading session, and another ten fresh wallets followed suit, withdrawing 17,698 ETH worth $61.66 million in the current one.
These significant moves indicate possible whale accumulation, a behavior often linked to bullish price action. By analyzing recent price trends and on-chain metrics, we explore whether Ethereum’s supply dynamics are setting the stage for its next rally.
