Ethereum Whales Undeterred By Price Drop, Move 3.50 Million ETH

The anticipated launch of Spot Ethereum Exchange-Traded Funds (ETFs) has yet to translate into a favorable price performance for Ethereum. In fact, some analysts and market participants might argue that the launch of Spot Ethereum ETFs has turned out to be a “sell the news” event. This viewpoint is bolstered by the recent price activity

Source: Bitcoinist