An Ethereum whale recently transferred 6,663 ETH worth $22,285,102 from Coinbase to Coinbase Institutional, indicating continued interest in Ethereum despite its declining price. This move suggests that a large investor or institution may be moving funds for long-term holding, trading, or custody purposes. Coinbase Institutional provides services for institutional investors, such as over-the-counter trades and secure storage, and this transfer signals confidence in Ethereum by major institutional players. This transaction has the potential to attract the attention of traders and the broader crypto community, as institutional activity often serves as an indicator of future price outlook. Despite the current market volatility, analysts remain optimistic about Ethereum's rebound, with some predicting a possible price level of $10,000 in the long term.



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