Ethereum

Token

Galaxy

Arkham

<ul>
 <li>Galaxy Digital withdrew its ETH holdings from the Coinbase exchange.&nbsp;</li>
 <li>ETH depicted a 4.50% price dip in the last 24 hours according to CMC data.</li>
</ul>
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.&nbsp;
According to Arkham Intelligence <a href="https://platform.arkhamintelligence.com/explorer/entity/galaxy-digital" target="_blank" rel="noopener noreferrer nofollow">data</a>, 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.&nbsp;
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.&nbsp;
Previously, Galaxy Digital was seen trading <a href="https://thenewscrypto.com/circle-issued-usdc-witnesses-substantial-growth-in-trading-volume/" target="_blank" rel="noopener noreferrer nofollow">USDC</a> majorly along with other altcoins such as AVAX, <a href="https://thenewscrypto.com/usdt-issuer-tether-reports-record-profit-in-q2-2024/" target="_blank" rel="noopener noreferrer nofollow">USDT</a>, MATIC, and SAND. Additionally, Galaxy Digital-based firm Galaxy Ventures led the Series A funding for Layer2 Financial.&nbsp;
<h3 class="wp-block-heading" id="h-eth-price-weekly-overview">ETH Price Weekly Overview</h3>
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 <a href="https://coinmarketcap.com/currencies/ethereum/" target="_blank" rel="noopener noreferrer nofollow">data</a>.&nbsp;
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.&nbsp;
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.&nbsp;
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.&nbsp;
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Galaxy Digital Accumulates ETH Amid the Token Price Dips

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