Fidelity moved 213 million USD worth of ETH to Coinbase over 48 hours, sparking fears of increased selling pressure. The transactions included 20,000 ETH on January 8, and 11,250 ETH valued at 36.51 million USD on January 9. This move has led to a significant rise in ETH’s exchange inflow, reaching over 1 billion USD.

The ETH exchange inflow on January 9 totaled 550,930 ETH, the largest since December 20. The RSI of ETH stands at 42.73, indicating weak buying interest. Without increased market demand, ETH may face further price declines to 3,027 USD, while stronger demand could boost it to 3,758 USD.