#Ethereum #wallets

🚨 Massive Ethereum ($ETH ) Whale Accumulation on Binance: Supply Shock Looming? 🐳

Ethereum is flashing signs of a potential price surge as whales aggressively pull ETH off exchanges! Just hours ago, whale address 0x1fc7 withdrew 1,900 ETH (~$4.86M) from Binance and staked it. This isn’t a one-off—over the past 3 weeks, this address has scooped up 6,989 ETH (~$17.5M), quietly draining Binance’s liquid supply. 📉

Why does this matter? When whales move coins off exchanges, the tradable float shrinks. If demand spikes, thin order books could trigger explosive price moves. Historically, major ETH rallies often follow significant exchange outflows, especially from Binance. 📈

Price Action: ETH is consolidating between $2,400-$2,700, holding above key 50-day and 100-day moving averages (~$2,400-$2,500). RSI at 55 signals neutral momentum, but the rising 200-day MA hints at stabilizing long-term strength. The market is coiled, waiting for a catalyst. ⚡

Could whale accumulation and staking spark a supply shock? If exchange supplies keep shrinking, a breakout above $2,700 could send ETH rocketing toward $3,000+. Keep your eyes on on-chain flows and price action! 👀