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Ethereum sees $12M whale transfer: What about ETH’s price?

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Ethereum has seen a notable shift in positive Netflow as an early holder recently moved a significant holding to an exchange.

While this movement was relatively small, it could contribute to the positive Netflow trend that ETH has been experiencing recently.This transfer, valued at over $12 million at the current ETH price, caught attention because the originating wallet is among the asset’s early holders.

As of press time, the wallet retained 2,566 ETH, valued at over $7 million. This recent transfer has contributed to the increased positive Netflow observed in Ethereum transactions. While the Netflow stood at around 4,600 and 3,000 in the preceding two days, it has surged to over 18,000 at the time of this writing.Further analysis of the ETH inflow chart revealed that over 83,000 ETH had entered exchanges at the time of this writing.

 

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