A prominent Ethereum trader has transferred 18,000 ETH, worth approximately $54.78 million, to Bitstamp, sparking concerns about potential market impact. Despite this significant movement, the price of Ethereum has remained stable above $3,000, buoyed by ongoing institutional interest and a five-day inflow streak in the US Spot Ethereum ETF. The trader, active since 2017, retains a substantial holding of 66,252 ETH, valued at around $201 million. Meanwhile, BitMine, a Digital Asset Treasury firm, has been actively purchasing ETH, reflecting sustained institutional confidence in the cryptocurrency.