Massive Ethereum whale sell-off likely going on on Coinbase
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Generally, institutional investors make calculated investments based on well-researched metrics, and this transfer could trigger a market rally if the motive behind it is custody-focused. As such, this transaction will likely attract the attention of traders and the broader crypto community. This is because institutional activity often serves as an indicator of the likely future price outlook. Conversely, OTC sales might intensify the current sell-off on the market.for $3,336.35, down by 4.22% as the coin struggles amid market volatility. Meanwhile, trading volume also declined by 9.92% to $19.35 billion. Ethereum has fluctuated significantly in the past seven days, dipping to a low of $3,117 in market trading.market has outperformed other players.
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