ETH to $5,000 - Whales Are Withdrawing & Storing in Cold WalletsEthereum , After ETH failed to break the strong support around $4,000 – $4,100,
a double bottom pattern has formed, signaling the beginning of a potential major rally toward $5,000.
What strengthens this bullish outlook is the recent on-chain and exchange data:
Ethereum balances on major exchanges like Binance and Coinbase have dropped significantly.
Between August 23 and September 5:
Around 700,000 ETH left Binance
Around 900,000 ETH left Coinbase
In total, exchange reserves dropped by more than 2.6 million ETH over the last two months.
This massive decline in ETH reserves usually means that investors are moving coins into private wallets for long-term holding — an accumulation signal, not selling.
When exchange supply shrinks while demand remains steady (or increases), it often triggers a Supply Shock, pushing prices higher.
What does this mean?
➡️ Big players and whales are withdrawing ETH into cold storage.
➡️ This reduces the immediate sell-side liquidity and opens the door for a potential Supply Shock.
With lower supply and strong demand (especially with Ethereum upgrades and growing institutional interest), the natural outcome is: higher prices.
🎯 Logical next target = $5,000
Reminder:
The market is always driven by supply, demand, and whale behavior. That’s why liquidity flow is often more important than any indicator.
Question for you:
Do you see this exchange outflow as a clear sign of an upcoming rally?
Or do we still need confirmation on the chart first
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