After trading between $2,300 and $2,400, Ethereum broke above $2,526 before falling back below $2,500 and was trading around $2,435, down 0.16% on the day. Whale behaviour tracking showed increased accumulation, with 133 whales adding more than 426,000 ETH. Three of them withdrew a combined 24,454 ETH worth $60.68 million from exchanges: one staked its tokens after four months of inactivity, another deposited them into Aave and the third simply withdrew them from Binance. Over 12 hours, outflows exceeded $365 million, pushing netflow to approximately negative $30 million, compared with positive netflow of $21 million during the previous 24 hours. However, an RSI of 42 and a negative directional indicator above the positive one still pointed to bearish momentum: Ethereum could revisit $2,300 if selling pressure persists, while stronger demand could allow it to reclaim $2,500 and potentially reach $2,700.
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