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- Galaxy Digital withdrew its $ETH holdings from the Coinbase exchange.
- $ETH depicted a 4.50% price dip in the last 24 hours according to CMC data.
The beginning of August has witnessed a sharp intraday price decline in the leading altcoin, Ethereum. The token depicted a 4.50% decline in the last 24 hours and slid back to the $3,100 level. Notably, leading digital asset firm, Galaxy Digital showed $ETH movements in the past few hours.
According to Arkham Intelligence data, the firm withdrew 5K $ETH tokens worth $16.07 million through an anonymous wallet acting as an intermediary. The anonymous wallet identified as “0x332” received the Ethereum tokens from a Coinbase Prime wallet, after which it sent the tokens to Galaxy Digital.
Following this, Galaxy Digital’s wallet received 300 $ETH from the Coinbase exchange. Additionally, two hours ago, the wallet transferred 2.35K tokens worth $7.48 million to an unknown wallet. Moreover, its current $ETH holdings are 19.094K worth $60.83 million approximately.
Previously, Galaxy Digital was seen trading USDC majorly along with other altcoins such as AVAX, USDT, MATIC, and SAND. Additionally, Galaxy Digital-based firm Galaxy Ventures led the Series A funding for Layer2 Financial.
$ETH Price Weekly Overview
In the past 24 hours, Ethereum depicted a brief price dip, as aforementioned. The token after showing bullish signs slid down to previous resistance levels. Meanwhile, its trading volume shows a 33.59% increase. At the time of writing, the token was trading at $3,177 according to CMC data.
Zooming out, over the past week $ETH shows a price performance of 0.03% decline. This percentage indicates the token’s mixed price signals, as the bulls and bears staged combats. In the past week, the token was trading at a weekly low of $3,088. However, in the following days, it began sparking bullish candles and rallying upwards.
Notably, it hit a weekly high of $3,396 on July 29, after which the prices took a bearish turn. In the past few days, $ETH failed to surpass the price dip and has inched closer to its $3K resistance.
However, with the spot $ETH ETF’s launch, the token is expected to show bullish movements in the coming months. Finally, apart from Galaxy Digital, other $ETH whale movements were also observed.