Home/Crypto Live News/Whale Withdrawal Signals Ethereum Surge: $5,000 Target in Sight?
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Author: Sohrab Khawas
Sohrab Khawas 
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Jun 3, 2024 16:05
A smart whale just withdrew 7,000 $ETH (worth $26.7 million) from Binance, now holding a massive 36,785 $ETH ($140 million). With a profit of around $76 million, this move reflects strong bullish sentiment. Ethereum saw a 25% price jump in May and is poised to surpass $4,000, with sights set on the $5,000 mark. Large withdrawals like this often signal confidence in further gains, reducing selling pressure and hinting at explosive growth.
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