The next major move depends on whether deposits continue or accumulation begins again.
Ethereum whales recently began moving large amounts of ETH to crypto exchanges. These wallets usually hold hundreds of thousands of coins. When large players shift funds to trading platforms, the market often assumes selling is imminent.
Recent blockchain datasets show exchange balances rising again after months of continued dips. Several transactions worth hundreds of millions of dollars were recorded within short time periods. Some of these transfers were split into smaller parts to avoid sudden price spikes, but the total transaction volume remained considerable.
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