Ethereum ($ETH )

According to Lookonchain, a major investor made a significant purchase. They acquired 108,278 ETH for $283 million through the over-the-counter (OTC) channel. The transaction was processed through the OTC wallet of Galaxy Digital. Twelve hours prior, 89,000 ETH, amounting to $233.5 million, was withdrawn from exchanges. Subsequently, 108,278 ETH tokens were transferred to the wallet. This wallet now holds assets worth approximately $365 million. Traders often use OTC transactions to avoid sharp market fluctuations.

This indicates that the investor is strategically accumulating ETH, possibly anticipating a price increase. This cryptocurrency has also shown the strongest six-week capital inflow since 2024. The figure reached $286 million last week amid growing institutional interest.

At the time of writing, ETH is trading at $2,637, having strengthened by 1% over the last 24 hours. According to trader CryptoFaibik, ETH is moving within a multi-year symmetrical triangle that has formed since early 2021.$BNB $LPT