Multiple Ethereum (ETH) transfers have taken place, including two potential sell-offs totaling $68.5 million sent to Coinbase, causing concern within the community. However, the largest transfer of 89,600 ETH worth $208.6 million was an internal transfer from Binance to Binance Beacon Deposit for staking purposes. These transactions are likely to have a bearish impact on the price of Ethereum, which is currently trading at $2,318.58 and has experienced a 12.15% decrease in the last month. The overall market situation, along with the macroeconomic scenario, suggests that a price rally in the near future is unlikely.



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