While you whine about flat — someone is loading ether at $422 million.

A wallet, presumably linked to ConsenSys, continues to buy ether through Galaxy OTC — already 161,112 ETH for $422 million in three weeks. Direct off-exchange purchase, without impact on the price.

This is either accumulation for institutional staking or preparation for the launch of a custodial service.

It's possible that part of these funds will go towards supporting the ecosystem — through grants, DAOs, Layer2.

Purchases are happening at a time when the market is sluggish and liquidity is weak — typical work for gathering, while no one is interfering.

Is this noise or a signal — decide for yourself. But such amounts are not brought in for fun. Someone is building infrastructure.

While you argue with the chart.

$ETH

ETH

2,338.08

-3.35%