Ethereum whales have re-accumulated 218,470 ETH over the past week, reversing mid-October sell-offs, according to CoinEdition. This activity coincides with increased exchange outflows, as investors move ETH to private wallets, indicating a shift towards long-term holding strategies. The price of ETH remains near $3,900, reflecting consolidation after significant gains earlier in October. Santiment data reveals that the recent accumulation offsets about one-sixth of the 1.36 million ETH sold between October 5 and 16. CoinGlass data further supports this trend, showing rising outflows from exchanges, which align with the whale accumulation patterns.