Ethereum Stabilizes as Whales Withdraw $155M ETH
Ethereum shows signs of price stabilization as large-scale investors, or "whales," withdraw over $155 million worth of ETH from major exchanges. According to blockchain analytics, one wallet withdrew 11,629 ETH ($23.7M) from Binance, while another removed 63,324 ETH ($131.2M) from Kraken. Such withdrawals are often seen as bullish, indicating long-term holding rather than immediate selling. ETH is currently trading above $2,050, consolidating within a $1,950–$2,150 range. Key resistance lies at $2,150–$2,200, with support near $1,950. The RSI is neutral at 50, suggesting balanced momentum, while whale activity may reduce exchange supply and support price stability.
TheNewsCrypto03/12 12:39