Ethereum supply tightens as whales accumulate 320,000 ETH
- —Whales accumulated over 320,000 ETH in a week
- —Transactions above $1 million rose roughly 500%
- —Spot Ethereum ETFs drew $17.1 million on September 28, a seventh straight day of inflows
- —SharpLink staked another 42,074 ETH; exchange-held ETH fell to 3.49% of supply
Why it matters: Shrinking exchange balances and steady ETF inflows tighten ETH supply, though upside remains capped by the $2,722–2,822 resistance zone.
Source: Coin Türk