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Based on data from top crypto exchanges, there's a significant shift happening with Ethereum (ETH). A large number of investors are moving their ETH off exchanges like Binance and into personal wallets for long-term storage, a trend known as self-custody. This is a strong signal of growing market confidence, as it reduces the amount of ETH readily available for sale on exchanges.
This shift, combined with Ethereum's price remaining stable around $4,400, suggests a bullish outlook. Historically, when the amount of ETH on exchanges declines while prices hold steady, it often precedes an upward price movement. The current conditions, including reduced leverage in the market and a lack of selling pressure from major long-term holders, reinforce the idea that a new bull phase could be starting.

Whales and Institutions are Accumulating

This positive outlook is further supported by a recent surge in accumulation by large investors, often called "whales." In the past two days, these major players have bought a combined 218,750 ETH, valued at nearly $943 million.
Tom Lee's Bitmines purchased 69,603 ETH (about $300 million).Five new wallets bought 102,455 ETH (around $441.6 million) from the trading firm FalconX.
This aggressive buying spree by whales and institutions highlights strong backing for Ethereum as it attempts to break past the $4,500 mark. According to market data, wallets holding 1,000-100,000 ETH have increased their reserves by 14% over the past five months, a steady accumulation that has been key to supporting Ethereum's recent price rebound. This suggests that the current rally may be driven by long-term institutional interest rather than short-term speculation.#ETHUSDT #ETHUSD #ETHBTC

Ethereum (ETH) is experiencing a market pullback, with traders selling off their positions at a rapid pace. This is evident from a massive $1.2 billion in sell volume over the last 24 hours, which caused the price to dip by 2.4% to around $4,272. This sell-off signals a shift in sentiment, as some investors are closing their bets on the price continuing to rise.
Adding to the pressure, trading volumes have halved and interest in leveraged bets is fading. This isn't entirely new; September has historically been a weak month for ETH, with past cycles in 2017 and 2021 also seeing significant price drops. Analyst Benjamin Cowen even suggests the price could retrace to the $3,500 level, following these historical patterns.
Despite this short-term turbulence, the long-term outlook remains strong. Large investors, often called "whales," are still buying. A recent report revealed a Bitcoin whale converted and staked $1 billion worth of ETH. Furthermore, new financial products, like spot ETFs, are absorbing more Ethereum than is being created, creating a foundation of long-term demand.
Technically, ETH is currently consolidating between $4,200 and $4,400. A break below $4,200 could lead to a slide toward $3,800, while a push above $4,600 could restore bullish momentum and pave the way for a retest of its all-time high of $4,946.
#ETHUSDT #ETHUSD #ETHBTC