Despite bearish market conditions and stagnant Ethereum prices, large investors known as whales are actively accumulating the cryptocurrency. Recent transactions reveal significant withdrawals of ETH from major exchanges like Binance and Gate.io by prominent whale wallets. These actions suggest a shift towards greater personal control over Ethereum holdings. 29,000 ETH worth $48.7 million was withdrawn from Binance in one instance, while another wallet removed nearly 46,500 ETH from Gate.io starting in mid-February. While price fluctuations between $1,580 and $1,687 remain limited, these withdrawals indicate a growing interest in controlling Ethereum outside of trading platforms.