Major Ethereum transactions totaling 117,678 ETH (approximately $374 million) were observed moving across exchanges including Kraken, Coinbase, and Cumberland within a condensed four-hour window. This substantial movement signals active repositioning by large holders, commonly preceding notable market shifts.
Simultaneously, Ethereum’s price demonstrated strong momentum with a 6.58% gain over the past day, stabilizing near $3,248. This price resilience emerged despite an overall 5.87% reduction in 24-hour transaction volume, suggesting a divergence between reduced trading activity and continued price strength that typically indicates strategic investor positioning.
Market analysts note early signals of a V-shaped recovery pattern for Ethereum, highlighted by a 28% price surge over the preceding week. This upward trajectory aligns with increased institutional interest and capital inflows across digital asset markets, reinforcing investor confidence in Ether’s current technical posture amid the whale-driven liquidity redistribution.