Ethereum Whale Withdrawal Tightens Supply Ahead of Crucial Resistance

A significant Ethereum whale withdrew approximately $19.5 million from Kraken in just 24 hours, reducing available liquidity and tightening the supply of ETH.

The wallet, known for frequent withdrawals, moved 10.3K ETH off the exchange, worth around $9.53 million in a subsequent transaction. Additionally, it staked 2.02K ETH through Ethereum's Beacon Deposit Contract, further reducing available supply.

This whale activity reinforced the accumulation narrative and buyer dominance in the spot market. Market buyers have maintained aggressive execution over sellers across the measured period.

Ethereum's $1,960.50 resistance remains a key barrier separating consolidation from further price expansion. A decisive break above this level could open a path towards the $2,100 zone.