{"id":23704,"date":"2026-03-12T10:49:20","date_gmt":"2026-03-12T10:49:20","guid":{"rendered":"https:\/\/bitunikey.com\/news\/ethereum-attempts-to-hold-above-2k-as-whales-withdraw-155m-in-eth\/"},"modified":"2026-03-12T10:49:23","modified_gmt":"2026-03-12T10:49:23","slug":"ethereum-attempts-to-hold-above-2k-as-whales-withdraw-155m-in-eth","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/ethereum-attempts-to-hold-above-2k-as-whales-withdraw-155m-in-eth\/","title":{"rendered":"Ethereum attempts to hold above $2K as whales withdraw $155M in ETH"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">The Ethereum price is showing signs of stabilization as large investors accumulate significant amounts of ETH from major cryptocurrency exchanges.<\/p>\n<div id=\"cn-block-summary-block_3d673d5adeec6ac0c3f56c5898e4523a\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Whale wallets withdrew over 74,000 ETH ($155M) from Binance and Kraken.<\/li>\n<li>Ethereum price is consolidating near $2,050 after February\u2019s sharp correction.<\/li>\n<li>A breakout above $2,200 resistance could signal the next bullish move for ETH.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>According to blockchain analytics shared by <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/lookonchain\/status\/2032009746178265197\" target=\"_blank\" rel=\"nofollow\">Lookonchain<\/a>, a newly created wallet withdrew 11,629 Ethereum (ETH) worth about $23.7 million from Binance over the past two days.<\/p>\n<figure class=\"wp-block-image size-large\"><\/figure>\n<p>In a separate transaction, another whale wallet identified as 0x8E34 removed 63,324 ETH valued at roughly $131.2 million from Kraken during the same period.<\/p>\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1664\" height=\"1128\" src=\"https:\/\/bitunikey.com\/news\/wp-content\/uploads\/2026\/03\/1773312560_990_Ethereum-attempts-to-hold-above-2K-as-whales-withdraw-155M.webp.webp\" alt=\"Ethereum attempts to hold above $2K as whales withdraw $155M in ETH - 3\" class=\"wp-image-14453858\"><\/figure>\n<p>Large withdrawals from exchanges are often interpreted as a bullish signal because investors typically move assets to private wallets for long-term holding rather than immediate selling.<\/p>\n<p>The combined withdrawals total more than 74,000 ETH, suggesting that institutional or high-net-worth investors may be positioning ahead of a potential price move.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\">Ethereum price analysis<\/h2>\n<p>Based on the ETH\/USDT daily chart, Ethereum is currently trading around $2,050, remaining largely range-bound after a sharp correction earlier in February.<\/p>\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1814\" height=\"920\" src=\"https:\/\/bitunikey.com\/news\/wp-content\/uploads\/2026\/03\/1773312560_841_Ethereum-attempts-to-hold-above-2K-as-whales-withdraw-155M.webp.webp\" alt=\"Ethereum attempts to hold above $2K as whales withdraw $155M in ETH - 4\" class=\"wp-image-14453859\"><figcaption class=\"wp-element-caption\">Ethereum price analysis | Source: Crypto.News<\/figcaption><\/figure>\n<p>The chart shows that ETH has been consolidating between $1,950 and $2,150 for several weeks, forming a sideways structure after rebounding from lows near $1,800.<\/p>\n<p>The immediate resistance level sits around $2,150\u2013$2,200. A decisive breakout above this zone could trigger momentum toward the $2,400 level, where the previous sell-off accelerated.<\/p>\n<p>On the downside, strong support appears near $1,950, with deeper structural support around $1,800, which marked the February bottom.<\/p>\n<p>The Relative Strength Index (RSI) is currently near 50, reflecting neutral momentum and suggesting the asset is neither overbought nor oversold. This reading typically occurs during consolidation phases before a larger directional move.<\/p>\n<p>Meanwhile, the Accumulation\/Distribution indicator is stabilizing after a sharp drop earlier in the month, hinting that buying pressure may be gradually returning.<\/p>\n<p>The recent whale withdrawals could tighten exchange supply if the coins remain off trading platforms. When combined with Ethereum\u2019s current consolidation pattern, such accumulation phases often precede stronger price movements.<\/p>\n<p>However, traders will likely watch for a break above $2,200 to confirm a bullish continuation. Until then, Ethereum may remain trapped within its current range as the market waits for a decisive catalyst.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Ethereum price is showing signs of stabilization as large investors accumulate significant amounts of ETH from major cryptocurrency exchanges. Summary Whale wallets withdrew over 74,000 ETH ($155M) from Binance&hellip;<\/p>\n","protected":false},"author":1,"featured_media":15300,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-23704","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/23704","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=23704"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/23704\/revisions"}],"predecessor-version":[{"id":23705,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/23704\/revisions\/23705"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/15300"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=23704"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=23704"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=23704"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}