Ethereum Sees Divergent Whale Activity as ETH/BTC Tests Critical Support

Major institutional holders are executing conflicting strategies on Ethereum. Bitmine acquired 28,625 ETH valued at approximately $82.11 million from FalconX, according to blockchain data. BlackRock transferred substantial quantities of both Bitcoin and Ether to Coinbase Prime within the past hour. The ETH/BTC trading pair is testing a pivotal support level that analysts believe will determine Ethereum's near-term performance relative to Bitcoin.