$ETH ETH Sees 140,000 Token Outflow and Whale Moves as Price Dips 2.55% Amid Volatility

Ethereum (ETH) is currently trading at $2,576.09 on Binance, reflecting a 2.55% decline over the past 24 hours from a 24h open of $2,643.61. The recent price drop is attributed to substantial exchange outflows—over 140,000 ETH withdrawn in the last day, the largest in more than a month—alongside significant whale activity, including a large holder selling 30,000 ETH and later repurchasing 16,500 ETH. Technical indicators show ETH is in an oversold zone (RSI at 25.06), while market sentiment is mixed due to ongoing consolidation near recent highs and declining large-holder activity. Despite a recent rally to a 15-week high and continued institutional accumulation (notably by SharpLink and MetalphaPro), short-term volatility remains elevated, with intraday trading volumes between $34.28B and $41.74B and traders closely watching key resistance at $2,900 and support at $2,680.