Ethereum Sees Record Withdrawal as Institutional Investors Brace for a Potential Rally

Despite a brief pause in its upward trajectory, institutional interest in Ethereum remains strong. Recent data from Lookonchain reveals that a staggering $342 million worth of ETH was withdrawn from the prominent cryptocurrency exchange, Kraken, within the past 10 hours. Such movements often signal bullish intentions from institutions. 4 newly created wallets moved 78,229 ETH, indicating they are moving assets into cold storage, a strategy often associated with long-term bullish sentiment. 💰 📈