I noticed interesting activity on the Ethereum network. One of the project's co-founders just transferred nearly 80,000 ETH to a major exchange — that's about $157 million. After seven months of silence, such a move looks significant, especially considering he still has around 27,000 coins remaining in the network.

This is happening against the backdrop of Ethereum struggling to stay above the $2,000 mark. Currently, prices are around $2.33K, but volatility persists. Analysts mention support somewhere in the range of $1,850–$1,900. At the same time, we see outflows from spot ETFs — nearly $83 million withdrawn in one day, with more than half of that from a single fund.

Institutional investors also seem cautious. Companies holding ETH on their balance sheets have reduced their purchases. And looking at other major holders like Vitalik Buterin — his net worth in ETH is also significant, but he sold some assets in February, which also signals caution. It turns out that even founders moving coins can be felt by the market. The macro situation adds pressure — tensions in the Middle East, rising oil prices, overall uncertainty. In such an environment, large players prefer to hedge their bets.