Ethereum saw a significant transfer of 60,000 ETH, valued at approximately $200 million, to exchanges within the last 24 hours, according to Santiment data. This influx increased the available supply for spot trading to 1.22 million ETH, amid a recent price dip to $3,247. The movement of such a large volume of ETH has not been linked to any specific wallets or exchanges, and current analysis suggests a neutral impact on the market. The transfer comes after a period of decline and partial recovery in Ethereum's trading activity.