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  • Rizwan Ansari
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    Rizwan is an experienced Crypto journalist with almost half a decade of experience covering everything related to the growing crypto industry — from price analysis to blockchain disruption. During this period, he’s authored more than 3,000 news articles for Coinpedia News.

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    Institutions Accumulate $28 million Ethereum in a few hours, What’s happening?

    Story Highlights
    • Institutions quietly withdrew 9,000 ETH from exchanges, signaling strong long-term accumulation and confidence rising.

    • Whale wallets opened over $426M in leveraged ETH longs, showing aggressive bullish positioning early.

    • Crypto analyst TED see a breakout above $3,400 resistance could push Ethereum toward the $3,700 to $3,800 range.

    Ethereum, the second-largest cryptocurrency in the world, is entering one of its most interesting phases in months. In just a few hours, big institutions moved 9,000 ETH off exchanges, major whales opened large long positions, and exchange supply dropped to new lows. 

    Many now wonder, is Ethereum preparing for its next big rally?

    Institutions Pull 9,000 ETH in Few Hours

    According to Arkham Intelligence, institutions removed a significant amount of Ethereum from exchanges. Two major players, Amber Group and Metalapha, withdrew 9,000 ETH worth over $28 million from the Binance exchange in the past few hours.

    This isn’t a one-day event. Over the last five months, institutions have accumulated nearly 4 million ETH, a level of inflow that usually appears before major market shifts

    Meanwhile, these are not short-term trades. These are the kind of withdrawals institutions make when preparing for custody, long-term positioning, or deploying capital for the next big cycle.

    Ethereum Sees Silent Whale Accumulation

    Along with institutional withdrawals, several big wallets opened large long positions on Ethereum. Wallets like 1011short and Anti-CZ together added around $426M in leveraged ETH longs. 

    Ethereum Exchange Balances Hit Low

    On-chain data shows Ethereum’s available supply is shrinking fast. Only 8.7% of ETH now sits on exchanges, while more than 28 million ETH is locked in staking, custody, and long-term storage. Daily staking inflows stay strong, with over 40,000 ETH added each day.

    This steady supply drop lowers selling pressure and helps create a stronger base for Ethereum’s next major move, even as the price trades around $3,040.

    Ethereum Price Outlook: Key Levels to Watch

    Following this accumulation, Ethereum has posted a 3% gain over the last 24 hours and is now holding the $3,100 support level strongly.

    According to analyst Ted Pillows’ chart, ETH is trading inside a tight range between $3,050 and $3,200, awaiting confirmation.

    If ETH breaks above the crucial $3,300–$3,400 resistance, it could rally toward the $3,700 to $3,800 zone.

    Ethereum price chart

    However, rejection from this band may push ETH back toward $3,000, where buyers could attempt another recovery.

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