Ethereum Holders Withdraw 1.4M ETH as Price Approaches $2,550
Ethereum (ETH)
Editor:
Eugene Serbin
bitcoinethereumnews.com reports that Ethereum holders have withdrawn 1.4 million coins from exchanges since early June. This outflow accelerated as the asset climbed toward multi-week highs, with balances dropping from 7.69 million on June 3 to 6.28 million by August 27. The decline of nearly 18% occurred even as ETH gained roughly 27% since August 16.
Another 275,000 coins left exchanges after August 19, pushing balances to a twelve-week low. In contrast, Bitcoin balances on exchanges rose by about 0.25% over the same period. CoinGecko data placed ETH at $2,523.03 at the time of writing, up 3.17% in 24 hours.
Trader Axel Bitblaze noted that a weekly close above $2,550 would validate a structure similar to last year’s setup. That prior pattern saw price rally toward $4,800 after consolidating near a major moving-average cluster. Market commentator Ignas argued that cheaper blockspace weakens the link between adoption and fee-driven demand. He suggested institutional staking and native issuance of real-world assets could better tie ETH demand to secured value.
How the market reacted
Whalio's own Binance spot order flow for ETH, measured when this story was written up on 28 August 2026. Not the outlet's figures.
Whalio spot data shows ETH trading at $2,510.94 with a 1-hour buy ratio of 54.0% and a 4-hour ratio of 51.2%. These short-term figures indicate stronger buying pressure compared to the 24-hour buy ratio of 48.6%. The 1-hour volume delta is positive at +$2,976,568, while the 4-hour delta is +$1,629,811. However, the 24-hour volume delta is negative at -$22,699,506, indicating net selling over the full day. A positive volume delta means buyers are paying the ask price, while a negative delta means sellers are hitting the bid. The 24-hour close CVD is -$21,548,085, confirming that selling pressure dominated the longer timeframe despite short-term buying.
The latest daily buy ratio of 46.8% sits at the 16th percentile of the last 322 days, against a median of 49.5% - weaker buying than most days.
Twenty-four hours later
What ETH did over the 24 hours after the story broke. The market moves for its own reasons; this is what happened, not what the story caused.
Was that an ordinary day?
The same Binance spot measurements for ETH, averaged over the days leading up to the story.
Over the preceding week, the average buy ratio was 51.3%, compared to a 24-hour ratio of 48.6%, showing a slight decrease in buying intensity. Trading volume was 0.74x the weekly average, indicating lower activity than usual. Net buying occurred on 6 of the past 7 days, with a total volume delta of +$248,748,632. The price increased by 7.9% over the 8-day period. This represents an ordinary day for the coin, as the short-term buy ratio is only slightly below the weekly average.