Ethereum Whales Buy 4,312 ETH as ETH Price Outlook Draws Attention

Ethereum (ETH) has drawn the spotlight recently after a dormant wallet sent 34,601 ETH, estimated to be worth around $73.75 million, out of Binance after remaining idle for more than two years. This comes at a time when there is a drop in the ETH price as questions arise over whale accumulation. Cryptocurrency expert Crypto Patel has found a bullish formation on the Ethereum two-week chart at $3,500, $5,000, $10,000, and $15,000. According to data by Lookonchain, a blockchain analysis platform, the wallet 0xC356 has withdrawn 34,601 ETH worth $73.75 million from Binance within about three hours. Notably, this wallet had been dormant for more than two years prior to this sizable withdrawal.

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