92,873 Ethereum In 10 Minutes, What is Going On?

Key Points

1. Whale Alert tracked three large Ethereum transactions totaling 92,873 ETH, including a 40,000 ETH transfer worth $101.9 million and a 32,873 ETH transfer worth $83.89 million.

2. One transaction involved 20,000 ETH ($51.009 million) being transferred to Coinbase Institutional, potentially signaling accumulation.

3. Ethereum's price was trading at $2,550.29, down 1.69% over 24 hours, with trading volume dropping 30.55% to $18.19 billion.

4. The price has remained above a key level despite a rejection from a peak of $2,635.19.