According to Lookonchain, two institutions are currently selling Ethereum (ETH). A wallet associated with Cumberland deposited 11,800 ETH, valued at $31.88 million, into Coinbase 7 hours ago. Additionally, ParaFi Capital withdrew 5,134 ETH, worth $13.83 million, from Lido and transferred it to Coinbase Prime 6 hours ago.

According to @EmberCN, investment firm ParaFi Capital transferred 5,134 ETH (worth $13.84 million) to Coinbase Prime five hours ago, suggesting a potential sale. This ETH was redeemed from EigenLayer yesterday, having been staked there since December last year when ETH was priced at $2,175.