$ETH Whale Moves 96,955 ETH, Signaling Potential Bearish Turn for Ethereum Price

Ethereum (ETH) has once again made the headlines and become the center of discussion due to the large-scale ETH transfer that hints at a bearish shift. There are several latest Ethereum update, from which a notable one took place when two prominent Ethereum wallets associated with major entities did significant ETH transfers, creating fear of a possible market sell-off. A wallet linked to the Ethereum Foundation transferred 1,000 ETH (around $1.58 million) to Kraken, which raised concerns of potential profit-taking. 

Roughly three hours earlier, Paradigm, a well-known investment firm, sent 5,500 ETH that cost around $8.66 million to Anchorage, which is a custody platform used by