🐋 Whales Drain Ethereum’s Liquidity – $4K Breakout Signals Bigger Moves Ahead
Ethereum has smashed through $4,000 for the first time since December, marking a powerful bullish comeback after weeks of market uncertainty.
On-chain data from CryptoQuant shows exchange reserves are steadily dropping — a clear sign whales and large holders are pulling ETH off exchanges. With fewer coins available for spot trading, supply is tightening, and a potential supply shock looms as DeFi, RWA adoption, and staking continue to drive demand.
Key Drivers:
Whale Accumulation: Big players are stacking ETH for the long term.
Corporate Adoption: Firms like Sharplink Gaming are adding ETH to their treasuries.
Technical Breakout: ETH surged past $3,860 resistance to hit $4,017, its highest since Dec 2024 — up 14.87% this week.
Technical Outlook:
Weekly close above $3,860 keeps momentum alive.
50, 100, and 200-week SMAs sit well below price, reinforcing the uptrend.
Holding current levels could set the stage for a run toward $4,800–$4,900 — ETH’s all-time highs.
With supply tightening and demand climbing, Ethereum’s next chapter may be its most explosive yet.
