A significant amount of Ethereum (ETH) has been transferred from Coinbase to an unknown new wallet, sparking speculation about the presence of a new crypto whale in the market. The transfer of 19,037 ETH, worth over $53 million, has caught the attention of the crypto community and comes amid increased institutional interest in Ethereum. While it's possible that Coinbase may be reshuffling funds or a whale is seeking more control by moving assets to cold storage, the appearance of a new whale adds to the speculation. Ethereum experienced a slight decline in price and fell as much as 27% earlier in the week due to market sell-offs. Analysts suggest that the most important support level for Ethereum is between $2,238 and $2,614.



Other News from Today