Ethereum: Can $61M in whale withdrawals help ETH bulls regain control?

After hovering between $2.3K and $2.4K, Ethereum [ETH] finally broke out of the range, climbing to $2,526. However, the altcoin soon retraced below $2.5K. At press time, Ethereum traded around $2,435, down 0.16% on the daily charts. Whales continued accumulating through the volatility, but their activity had yet to translate into stronger price momentum. Can Ethereum whales help reclaim $2.5K? As Ethereum [ETH] struggled to hold $2.5K, whales stepped up on both the buy and sell sides. The Whale Behaviour Shift showed increased accumulation, with 133 whales adding over 426K ETH. Lookonchain highlighted three whales withdrawing Ethereum from exchanges. One withdrew 10,954 ETH worth $26.97 million from Kraken and staked it after four months of inactivity. Another withdrew 9,000 ETH worth $22.42 million from Binance and deposited it into Aave.

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