Ethereum Surges Past $2,700 on Heavy Whale Accumulation and Record Exchange Outflows

Ethereum is trading above $2,700, gaining over 15% on the week and reaching highs near $2,775.82 as exchange reserves drop toward 14.8 million tokens. The rally accelerated after two whale addresses deployed $106.4 million into ETH, including one rotating 1,107 Bitcoin ($86.76 million) into 34,422 staked ETH. Supply constraints tightened further as Binance monthly withdrawal transactions surpassed 90,000, hitting a three-year peak. While U.S. spot ETFs saw mixed activity—absorbing $280 million on Sept. 21 despite midweek redemptions—analysts eye technical targets from $2,800 up to $3,400.