Institutions Accumulate $28 million Ethereum in a few hours, What’s happening?

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Ethereum, the second-largest cryptocurrency in the world, is entering one of its most interesting phases in months. In just a few hours, big institutions moved 9,000 ETH off exchanges, major whales opened large long positions, and exchange supply dropped to new lows. 

Many now wonder, is Ethereum preparing for its next big rally?

According to Arkham Intelligence, institutions removed a significant amount of Ethereum from exchanges. Two major players, Amber Group and Metalapha, withdrew 9,000 ETH worth over $28 million from the Binance exchange in the past few hours.

This isn’t a one-day event. Over the last five months, institutions have accumulated nearly 4 million ETH, a level of inflow that usually appears before major market shifts