🐳Fidelity's $213 Million ETH Sale: Impact on Ethereum's Market Recovery🐳
🧧Fidelity recently transferred 64,997 $ETH, valued at over $213 million, to Coinbase, indicating a significant sell-off. This move coincided with a bearish week for Ethereum, which saw a 15.54% dip from its weekly high. Despite this, $ETH showed signs of recovery with a 2.89% uptick, driven by increased whale demand. Exchange flows suggest potential for a recovery rally, but caution is advised as $ETH's next major support level is at $3,033