Here’s a quick summary of the latest $ETH whale accumulation and price action:#Market_Update
- Exchange reserves are at a 9-year low, showing fewer #ETH tokens are sitting on exchanges for sale.
- *Whale wallets and institutions have bought over 720,000 ETH* (~$2.7B) since early July, often via OTC deals for long-term holding.
- The Ether Machine and its subsidiary added 15,000 ETH on Ethereum’s 10th anniversary, raising its holdings to over 330,000 ETH and confirming strong institutional demand.
- US spot Ethereum ETFs are still seeing steady inflows, with July’s flows hitting a record high of $5.14B ().
- ETH rebounded off key support at $3,730 and is trading above $3,800, with whales buying the dip and helping push price higher.
- With supply low and demand up, price could push past $4,000—though a close below $3,730 could risk a drop toward $3,500.
- Analysts say this type of accumulation usually hints at bullish momentum, especially in such a supply crunch.
ETH is looking bullish with whales gobbling up supply and reserves at record lows. 📉🐋
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