Ethereum ETH4.35%-> is back in the spotlight after a number of large institutions pulled thousands of ETH from exchanges and increased their long positions, fueling speculation about a potential price spike in the near future.

1. Institution Withdraws 9,000 ETH from Exchange

🚨 INSTITUTIONS ARE ACCUMULATING $ETH ~ QUIETLY.

In the last few hours:

• Amber Group withdrew 6,000 ETH ($18.8M) from Binance

• Metalapha withdrew 3,000 ETH ($9.4M)

That’s 9,000 ETH pulled off exchanges in a single morning.$ETH #

ETH

3,100.34

+1.03%

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