Despite the recent price decline, the whales continue to accumulate эфириумAccording to Arkham, three large addresses purchased nearly $229,91 million worth of ETH on the FalconX and Bitgo exchanges.
This massive accumulation comes amid a sharp decline in balances on exchanges, suggesting that long-term investors are preparing for the next altcoin rally.
Ethereum’s exchange balance has gone negative for the first time in history, according to analyst Kas Abbe. Billions of dollars in ETH are leaving centralized exchanges, reducing the liquid supply.
Historically, this trend marks the beginning of a structural change in the market. Selling pressure eases as long-term holders gain control over supply.
Renowned crypto analyst Ali Martinez noted that the distribution of Ethereum’s realized price points to two important support levels. Around $3960, there were about 676,000 ETH transactions, creating strong short-term support.
Meanwhile, at $3360, over 1,7 million ETH was sold, creating a deeper support base. These levels will likely determine whether the эфириум its bullish structure or risks further correction. Holding above $3960 could help resume growth, while a loss of this level could lead to a fall in price to $3360.