Ethereum Whales Make $121 Million Move Ahead of Crucial Resistance

Ethereum whales have withdrawn $121 million from Binance over recent weeks, signaling sustained accumulation by large holders. This activity comes as ETH trades at $2,443.79, up 1.34% in 24 hours, following a 55% recovery from a key support level.

Crypto analyst Javon Mark has identified $4,811.71 as the critical resistance that could determine the next major move, with a breakout potentially opening the path toward $8,500.

On-chain data shows wallet 0x2d59 alone has accumulated 120,000 ETH worth $237.7 million over three weeks, while Abraxas Capital and a newly created wallet have also pulled significant sums off the exchange.