The post Ethereum whales add $19.8M ETH – Can bulls push past $2,175? appeared on BitcoinEthereumNews.com.

Ethereum [ETH] has seen $19.8 million in whale accumulation as 9,976 ETH exits Binance, reinforcing a clear accumulation pattern during recent weakness. This movement reduces immediate exchange liquidity and reflects deliberate positioning rather than reactive behavior.  Large holders have continued removing supply from trading platforms, which directly limits sell-side availability in the short term. This activity aligns with the broader intent to secure assets during discounted price zones.  However, the Ethereum price has not reacted aggressively upward, which suggests that accumulation alone has not yet shifted structure. Instead, the market continues absorbing these withdrawals gradually.  Ethereum trades within post-breakdown range Ethereum continues trading between $1,928 support and $2,175 resistance after its sharp breakdown from higher levels.  Price has stabilized around the $2,000 region, forming a compressed structure that reflects indecision rather than direction. The formed cup-and-handle pattern is yet to confirm a breakout, leaving price within continued consolidation. Each attempt toward $2,175 has faced rejection, while dips toward $1,928 have attracted demand. This interaction has created a well-defined range where both sides remain active. As a result, ETH has entered a phase where liquidity builds on both ends of the structure.  This range-bound behavior shows that the market is preparing for a larger move, but no side has established dominance yet. At press time, the DMI readings show that -DI remained above +DI, confirming that sellers still control the structure.  However, ADX has dropped to 17, which signals weakening trend strength and lack of conviction. This combination indicates that although bearish pressure exists, it does not drive a strong directional move.  Source: TradingView Rising inflows hint at short-term sell pressure Spot inflows have risen to $26.33 million, signaling renewed deposits of ETH into exchanges during this consolidation phase.  This shift suggests that some participants may be preparing to sell or reposition positions at…

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Filed under: News - @ March 28, 2026 4:21 pm