ETH Surges 2% Amid $268M Liquidations and Whale Accumulation as Market Eyes $2,500 Support

Ethereum (ETHUSDT) experienced significant volatility over the past 24 hours, with its price fluctuating between $2,433 and $2,879 before stabilizing near $2,554.42 on Binance, reflecting a 2.01% increase from the previous day’s open of $2,504.09. The price swings are primarily attributed to large-scale exchange outflows (over 140,000 ETH withdrawn in a single day), substantial liquidations exceeding $268 million, and notable whale activity, including a $186 million accumulation. Additional volatility was driven by a failed attempt to break resistance near $2,740–$2,760, subsequent bearish pressure, and broader risk-off sentiment linked to geopolitical tensions. Despite short-term selling and a whale sale of 1,692 ETH, institutional interest remains strong, highlighted by increased ETF inflows and ongoing accumulation by large holders. Trading volumes remain elevated, and technical indicators show oversold conditions, suggesting the market is closely watching the $2,500 level for further direction.