According to data from IntoTheBlock and CryptoQuant, over $1.4 billion worth of Ether (ETH) has been withdrawn from crypto exchanges, suggesting an accumulation trend among investors. The outflow of ETH from exchanges to wallets is at its highest level since November 2024. Additionally, 74% of ETH holders have held onto the asset for over a year, indicating a strong inclination towards hodling. The decrease in exchange-held ETH supplies and increased activity from whale addresses further support the idea of strategic repositioning by large market participants. This accumulation phase aligns with a recent decline in ETH's price and is seen as a sign of confidence in future price appreciation. However, if large whales fail to counteract selling pressure, the price of ETH could decline further. The derivatives market has also been affected, with ETH leading in long liquidations. Maintaining ETH price levels above $3,029 is crucial for bullish scenarios.



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