The potential for Ether (ETH) to surge to $5,500 is supported by illiquid supply dynamics and bullish signals from ETH futures. Currently, over 70% of the total Ether supply is staked, contributing to a structural shortage. Whale accumulation has also been notable; more than 411,000 ETH were added by large holders in August despite market fluctuations. Data shows Binance's ETH futures open interest remains robust at over $8.4 billion, indicating trader confidence despite a recent dip below $4,300. The analysis suggests that a breakout above the $4,800 resistance could propel Ether further toward the $5,500 target. Additionally, spot withdrawals from major exchanges, such as Binance and Kraken, exceeding 120,000 ETH daily reinforce the perception of an increasingly illiquid market. This resilience in the ETH market, along with the shifting whale dynamics, lays a bullish foundation for potential price increases.

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