Ethereum Whales Are Not Dead: The $400 Million Move That Shows Whats Going On

Ethereum whales have continued to accumulate despite the current downtrend in the ETH price, providing a bullish outlook for the second-largest crypto by market cap. Notably, ETH withdrawals from exchanges recently reached their highest level since October last year, totaling over $400 million.

Ethereum Whales Accelerate Withdrawals From Exchanges

Crypto analyst Arab Chain noted in a CryptoQuant analysis that rising Ethereum withdrawals from exchanges have reached their highest level since October. The…