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holds $2,370 support, but whale activity warns of...

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Dormant ETH whales resurface as price nears $2,800 resistance, testing market resilience.

Posted: May 24, 2025/

Whale inflows jumped 50.89% in seven days, hinting at rising sell pressure.

Ethereum held above $2,370 support, but a decisive close above $2,800 is needed to confirm bullish continuation.

Two long-dormant Ethereum [ETH] whales have stirred the market by depositing 3,500 ETH, valued at over $9.3 million, into Kraken.

One wallet had remained inactive for four years, while the other had shown no movement in ten months. 

These transactions mark a notable return of aged capital to exchanges, a pattern typically associated with distribution or profit-taking. 

While both wallets still control over 13,600 ETH, their sudden reactivation comes at a sensitive time as Ethereum consolidates just below major resistance.