Fidelity’s recent transfer of 64,997 ETH to Coinbase, valued at 213 million USD, added to ETH’s sell pressure, contributing to a 15.54% dip. This occurred during a volatile trading period with significant ETF outflows.

Despite the dip, ETH’s slight rebound to 3,308 USD shows some accumulation and confidence from whales, who bought 547,230 ETH. However, exchange outflows signal potential recovery, though uncertainty remains about further declines.