COINOTAG recommends • Exchange signup |
💹 Trade with pro tools |
Fast execution, robust charts, clean risk controls. |
👉 Open account → |
COINOTAG recommends • Exchange signup |
🚀 Smooth orders, clear control |
Advanced order types and market depth in one view. |
👉 Create account → |
COINOTAG recommends • Exchange signup |
📈 Clarity in volatile markets |
Plan entries & exits, manage positions with discipline. |
👉 Sign up → |
COINOTAG recommends • Exchange signup |
⚡ Speed, depth, reliability |
Execute confidently when timing matters. |
👉 Open account → |
COINOTAG recommends • Exchange signup |
🧭 A focused workflow for traders |
Alerts, watchlists, and a repeatable process. |
👉 Get started → |
COINOTAG recommends • Exchange signup |
✅ Data‑driven decisions |
Focus on process—not noise. |
👉 Sign up → |
- Ethereum has witnessed significant withdrawals, indicating whales are anticipating a price recovery.
- The substantial ETH outflow has reduced centralized exchange balances to levels not seen since 2016.
- A withdrawal of 336,000 ETH from Coinbase is particularly noteworthy, underlining the trend.
Discover how recent Ethereum withdrawals by crypto whales may signal future price surges and impact the market dynamics significantly.
Notable Ethereum Withdrawals from Centralized Exchanges
According to a renowned crypto analyst, significant Ethereum (ETH) withdrawals have been observed, reflecting a growing trend among both small and large investors. The volume of ETH being pulled out from centralized exchanges has surged, marking the highest withdrawal trend observed in 2024. Notably, Coinbase, the largest cryptocurrency exchange in the United States, experienced the withdrawal of 336,000 ETH from its wallets within a span of just 48 hours.
This significant outflow underscores the heightened cautious optimism among crypto investors, as they may be positioning themselves to benefit from a potential price recovery in the future.
Decline in Ethereum Exchange Balances
The impact of these withdrawals is not limited to Coinbase alone. Reports from on-chain trackers like Santiment reveal a substantial decline in total ETH held in centralized exchange wallets, with a drop of 8.6% over the past two weeks. This downward trend has led to exchange balances falling to their lowest levels in eight years, a scenario last seen in 2016 during the pre-bull market period.
COINOTAG recommends • Professional traders group |
💎 Join a professional trading community |
Work with senior traders, research‑backed setups, and risk‑first frameworks. |
👉 Join the group → |
COINOTAG recommends • Professional traders group |
📊 Transparent performance, real process |
Spot strategies with documented months of triple‑digit runs during strong trends; futures plans use defined R:R and sizing. |
👉 Get access → |
COINOTAG recommends • Professional traders group |
🧭 Research → Plan → Execute |
Daily levels, watchlists, and post‑trade reviews to build consistency. |
👉 Join now → |
COINOTAG recommends • Professional traders group |
🛡️ Risk comes first |
Sizing methods, invalidation rules, and R‑multiples baked into every plan. |
👉 Start today → |
COINOTAG recommends • Professional traders group |
🧠 Learn the “why” behind each trade |
Live breakdowns, playbooks, and framework‑first education. |
👉 Join the group → |
COINOTAG recommends • Professional traders group |
🚀 Insider • APEX • INNER CIRCLE |
Choose the depth you need—tools, coaching, and member rooms. |
👉 Explore tiers → |
Such a drastic reduction in exchange-held ETH could suggest a market shift, where investors prefer to hold their assets in personal wallets, anticipating higher returns in the long run. This behavior could be seen as a bullish indicator for Ethereum’s price trajectory.
Potential Ethereum Price Surge: Heading to $10,000?
The significant withdrawal of Ethereum from exchanges is generally considered a bullish signal as it indicates a tendency among investors to hold rather than sell. A potential price increase might be on the horizon, as noted by expert analyst Ash Crypto, who believes that with the upcoming launch of Spot Ethereum ETFs in 2024, Ethereum’s price could surpass the $10,000 mark.
COINOTAG recommends • Exchange signup |
📈 Clear interface, precise orders |
Sharp entries & exits with actionable alerts. |
👉 Create free account → |
COINOTAG recommends • Exchange signup |
🧠 Smarter tools. Better decisions. |
Depth analytics and risk features in one view. |
👉 Sign up → |
COINOTAG recommends • Exchange signup |
🎯 Take control of entries & exits |
Set alerts, define stops, execute consistently. |
👉 Open account → |
COINOTAG recommends • Exchange signup |
🛠️ From idea to execution |
Turn setups into plans with practical order types. |
👉 Join now → |
COINOTAG recommends • Exchange signup |
📋 Trade your plan |
Watchlists and routing that support focus. |
👉 Get started → |
COINOTAG recommends • Exchange signup |
📊 Precision without the noise |
Data‑first workflows for active traders. |
👉 Sign up → |
Current Market Dynamics
Currently, Ethereum’s price movements are closely linked to Bitcoin. Despite recent fluctuations, ETH has managed to rebound above the $3,500 mark after dipping below it. However, it still shows a 7.88% decline on the weekly chart, according to data from CoinMarketCap. This recent activity indicates that while the market sentiment may be cautiously optimistic, investors are diligently monitoring the developments.
Conclusion
In conclusion, the recent surge in Ethereum withdrawals from centralized exchanges highlights a significant shift in investor behavior. This trend, spurred by both large and small investors, reflects a strategic positioning ahead of anticipated positive price movements. As Ethereum prepares for the integration of Spot ETFs in 2024, the market looks poised for potential price increases, possibly reaching the $10,000 milestone. Investors should closely watch these developments as they could define the future landscape of Ethereum and the broader crypto market.
COINOTAG recommends • Traders club |
⚡ Futures with discipline |
Defined R:R, pre‑set invalidation, execution checklists. |
👉 Join the club → |
COINOTAG recommends • Traders club |
🎯 Spot strategies that compound |
Momentum & accumulation frameworks managed with clear risk. |
👉 Get access → |
COINOTAG recommends • Traders club |
🏛️ APEX tier for serious traders |
Deep dives, analyst Q&A, and accountability sprints. |
👉 Explore APEX → |
COINOTAG recommends • Traders club |
📈 Real‑time market structure |
Key levels, liquidity zones, and actionable context. |
👉 Join now → |
COINOTAG recommends • Traders club |
🔔 Smart alerts, not noise |
Context‑rich notifications tied to plans and risk—never hype. |
👉 Get access → |
COINOTAG recommends • Traders club |
🤝 Peer review & coaching |
Hands‑on feedback that sharpens execution and risk control. |
👉 Join the club → |
COINOTAG recommends • Members‑only research |
📌 Curated setups, clearly explained |
Entry, invalidation, targets, and R:R defined before execution. |
👉 Get access → |
COINOTAG recommends • Members‑only research |
🧠 Data‑led decision making |
Technical + flow + context synthesized into actionable plans. |
👉 Join now → |
COINOTAG recommends • Members‑only research |
🧱 Consistency over hype |
Repeatable rules, realistic expectations, and a calmer mindset. |
👉 Get access → |
COINOTAG recommends • Members‑only research |
🕒 Patience is an edge |
Wait for confirmation and manage risk with checklists. |
👉 Join now → |
COINOTAG recommends • Members‑only research |
💼 Professional mentorship |
Guidance from seasoned traders and structured feedback loops. |
👉 Get access → |
COINOTAG recommends • Members‑only research |
🧮 Track • Review • Improve |
Documented PnL tracking and post‑mortems to accelerate learning. |
👉 Join now → |