Fidelity’s $103M ETH Transfer Sparks Market Interest
- Fidelity Digital Assets deposited $103.55 million worth of Ethereum into Coinbase.
- The transfer involved 31,249 ETH across two transactions.
- Ethereum’s price is currently between $3,280 and $3,183.
- Key resistance levels identified at $3,926, $4,614, and up to $6,450.
The substantial deposit by Fidelity highlights growing institutional interest in Ethereum. This move could influence the market by potentially stabilizing Ethereum’s price within the identified support range of $3.5k to $4k, fostering long-term investor confidence and possibly paving the way for future price rallies.
