Whales are on the move — and Ethereum is feeling it. As crypto markets rebound from a sharp pullback, large holders and institutions appear to be scooping up ETH amid the dip, according to on-chain trackers. What happened - Onchain Lens recorded frantic activity last week: 186,168 ETH — roughly $280 million — was withdrawn from exchanges in a single 24-hour span, with outflows observed from Kraken, Binance, Gate and others. Moving tokens off exchanges is often read as accumulation, since funds are shifted into private wallets. - CryptoQuant’s data corroborates the trend, showing a broader 24-hour decline of 219,203 ETH in total exchange reserves — another signal that supply is leaving trading venues. Price and market context - ETH fell more than 40% during last week’s sell-off, but at the time of reporting the coin had recovered some ground, trading around $2,108 — up about 4.5% in 24 hours. - Despite the price uptick, overall trading activity cooled: 24-hour volume slipped roughly 35% to $34.35 billion, suggesting traders remain cautious even as whales accumulate. Key technical levels and indicators - ETH has been testing the $2,180 zone, a key support level it lost on Feb. 5, 2026. A daily close above $2,180 would strengthen the case for a reversal and could open the door for a more substantial recovery. Failure to reclaim that level, however, could expose the next major support near $1,550. - Momentum and flow metrics point to increasing strength: the Average Directional Index (ADX) sat at 49 — well above the 25 threshold that signals a strong trend — while the Money Flow Index (MFI) climbed to 33.24 from 11, indicating growing buying pressure after oversold conditions. Derivatives snapshot - Coinglass’s liquidation map showed crowded leverage around key intraday levels: traders were overleveraged on the downside at ~$2,060.4 and on the upside at ~$2,135.4. Open leveraged exposure included roughly $247.67 million in longs and $189.54 million in shorts — positions that could amplify moves around those price points. What it means Large exchange outflows and falling reserves point to accumulation by whales and institutions, but reduced trading volume and heavy leverage around pivotal levels keep the market fragile. The coming days — particularly whether ETH can close above $2,180 — will likely determine whether this is the start of a sustainable rebound or a brief reprieve before further declines. Sources: Onchain Lens, CryptoQuant, TradingView, Coinglass. Disclaimer: This article is for informational purposes only and not investment advice. Cryptocurrency trading carries significant risk; do your own research before making any investment decisions. © 2026 AMBCrypto Read more AI-generated news on: undefined/news

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