🔥 Ethereum Accumulation Spikes as Whales Step In 🐋
Ethereum just flashed a strong bullish confluence:
📉 Exchange Reserves dropped by 128K ETH → coins moving off exchanges = accumulation signal.
📈 Active Addresses surged +108K in 48h → rising network activity + investor confidence.
💹 Spot Volume jumped 25%, absorbing short-term selling pressure.
Meanwhile, derivatives traders are leaning bullish:
👉 Binance Long/Short ratio at 2.17
👉 68.5% of traders long ETH vs 31.5% short
At press time, $ETH trades at $4,507, holding above the key $4,500 support.
⚡ Levels to watch:
Hold $4,500 → rally toward $4,865 in play
Lose $4,500 → risk of sharp sell-off 📉
The bigger picture? Whales are stacking, activity is growing, and sentiment is flipping bullish. ETH may be setting up its next leg higher 🚀
