Crypto
Whale Wallet Pulls $3.95M From Binance Amid Ongoing ETH Accumulation
A significant transaction has taken place in the Ethereum (ETH) market as a whale wallet withdrew 2,101 ETH ($3.95M) from Binance four hours ago.
This move is part of an ongoing pattern where large holders are pulling coins off exchanges, which may be contributing to the accumulation of ETH.
The current price of ETH sits at $1875.37 on the 4h chart, and technical indicators suggest a bearish structure with upside capped by the EMA50 at $1896.15 and downside supported by the EMA200 at $1812.81.
Traders are closely watching whether sustained whale flows can overcome these technical headwinds or if broader crypto market fears will regain dominance.