Ethereum (ETH) has experienced notable volatility recently, dipping below the $4,000 level while failing to stabilize above it. Despite this, Ethereum whales have been aggressively accumulating the asset, moving a total of 431,018 ETH worth $1.73 billion from exchanges into private wallets. According to Lookonchain, these transactions involved 16 separate wallets and included withdrawals from Kraken, BitGo, Galaxy Digital, and OKX.