$24579 million worth of Ethereum (ETH) has been withdrawn from crypto exchanges in less than two weeks.Analysts - The Daily Hodl A cautious cryptostrategist claims investors have accumulated a large number of Ethereum (ETH) tokens on the tier-one platform.
trader #Ali Martinez told 125,900 followers of social media platform X that crypto investors have purchased nearly a million #ETH tokens on the digital asset exchange in just over a week. LINE_ BREAK In [10 days], over 900,000 #Ethereum ETH have been withdrawn from the exchange, indicating increased accumulation and decreased selling pressure!
Given that Ethereum was trading at $2.731 at the time of writing, 900,000 ETH tokens are worth over $2.457 billion.
ETH whale activity shows that investors with deep pockets bought up $764.68 million worth of Ethereum in just three days, says Martinez,
Whales bought 280000 ETH tokens in [72 hours]! According to Martinez, due to the large accumulation of ETH, Ethereum is giving bullish technical signals based on the Tom DeMark (TD) Sequential Indicator, which is used to measure the potential pivot point of the asset. The trader also notes that ETH is signaling near diagonal support on an ascending channel.
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