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Ethereum supply tightens as whales withdraw $10M ETH and staking hits record high.

Technical Signals
17 Aug 2026
AMBCrypto
View Source
Bullish
Ethereum supply tightens as whales withdraw $10M ETH and staking hits record high.

A whale withdrew 5,300 ETH worth nearly $10 million from Kraken, reducing Ethereum's liquid supply and continuing a trend of accumulation off exchanges. At the same time, Ethereum staking reached a record 41 million ETH, locking up about 34% of circulating supply and further constraining available tokens. Buyer-dominant activity in spot markets supports demand, suggesting potential for a price breakout above $1,950 if buying pressure continues. However, price gains depend on sustained demand as increased supply from exchanges could limit upside. Overall, reduced exchange balances and rising staking create conditions favorable for Ethereum's price growth if demand remains strong.

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