Institutional interest in Ethereum (ETH) appears to be increasing as five wallets, suspected to belong to one entity, deposited $29.2 million in USDT to the HTX exchange and withdrew 9,018 ETH during a recent market drop. Interestingly, the USDT had been idle for two months before being deployed for this Ethereum accumulation spree. Speculation points to Justin Sun, the founder of TRON, as a potential figure involved in the transactions. Ethereum's price has rebounded and reached an intraday high of $3,428, reflecting positive sentiment in the market. A break above the 50-day SMA could indicate a return of buyers, potentially driving ETH to $3,745, while a break below the daily SMA 200 at $2,984 could cause a drop to $2,850.



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