Large amounts of money have entered the market again, this time over $134 million worth of ETH has been transferred directly from an unknown wallet to Coinbase's institutional account. At this critical moment, such a large sum coming in can basically confirm that institutions are either buying up or managing assets.

This perfectly echoes today's news of various companies increasing their holdings of ETH. The market enthusiasm is all focused on Ethereum, and institutions are clearly catching on, fearing they might miss the boat. The continued net inflow into ETFs has already proven this point.

Next, everyone needs to keep a close eye on this; the money from these institutions is not coming in just for sightseeing. Their entrance often signals that larger actions are yet to come, and this wave of ETH might just be warming up.