Whales Accumulate ETH as CEX Outflows Rise — $4K Ahead?
The post Whales Accumulate ETH as CEX Outflows Rise — $4K Ahead? appeared on BitcoinEthereumNews.com.
Key Notes ETH sees increased investor interest with a 40% jump in 24-hour trading volume. Large ETH withdrawals from exchanges by new wallets suggest strategic accumulation. Whales have collectively added over 1 million ETH in the past month, indicating strong institutional confidence. Ethereum ETH $1 845 24h volatility: 2.6% Market cap: $222.72 B Vol. 24h: $14.22 B has been gaining momentum, now trading at $2,639 after rising 1.5% in the past 24 hours. The 24-hour trading volume has jumped 40% to $23.72 billion, suggesting rising investor interest. Notably, earlier on May 28, two newly created wallets withdrew a combined 4,838 ETH (worth roughly $13 million) from Kraken. Another 2 newly created wallets withdrew 4,838 $ETH ($13M) from #Kraken 6 hours ago. 0x2bbeCA38b9CC8851292907af6bc28cC3BC5935380x6087F2120dA3EC81Bc2C52929967527E79D510A2https://t.co/FB5QuaU0hp pic.twitter.com/msuuLLHUmp — Lookonchain (@lookonchain) May 28, 2025 This follows a similar activity seen on May 27, when four new wallets pulled out 4,392.6 ETH (worth around $11.7 million) from OKX. Such consistent exchange outflows indicate growing investor preference for self-custody and long-term holding strategies. Meanwhile, whales have accumulated over 1 million ETH in the past month, signaling strong institutional confidence. Whales have bought over 1 million #Ethereum $ETH in the past month! pic.twitter.com/CCiujnmdWq — Ali (@ali_charts) May 27, 2025 Ether ETFs have also recorded sustained inflows recently. Data from SoSoValue shows that over the last seven trading days, these funds have attracted a cumulative $310 million. ETH Price Outlook Once underperforming compared to the broader crypto market, Ether has seen a notable reversal. It has surged 46% over the last 30 days, adding nearly $100 billion to its market capitalization, which now stands around $318 billion. Despite the rally, popular analyst Michael Van de Poppe believes a major breakout is still ahead. He notes that ETH is now testing a crucial resistance range between $2,627 and $2,850. A…
Filed under: News - @ May 28, 2025 10:27 am