Ethereum Price Falls Below $2,400 Despite $155M Whale Buying

Key Insights Ethereum price fell below $2,400 despite a whale purchasing $155 million in ETH. Three additional wallets withdrew 24,454 ETH worth $60.68 million from Kraken and Binance. ETH faces support near $2,360 after failing to sustain its recovery toward $2,530. Ethereum price fell below $2,400 on October 22 despite substantial purchases by large cryptocurrency holders. Lookonchain reported one wallet acquiring 64,545 Ether (ETH) worth approximately $155 million over 11 days. Separately, three addresses withdrew 24,454 ETH valued at $60.68 million from centralized exchanges. However, the transfers involved different activities and did not establish sustained spot-market demand.