Whale Alert: Cumberland Sends 47,489 ETH (~$219M) to Coinbase Institutional in Two Large Transfers

ETH

ETH/USDT

$2,127.12

+4.51%

$2,127.12

+4.51%

(24s)

24h Volume

$39,049,302,904.94

24h H/L

$2,145.26 / $2,009.54

Change: $135.72 (6.75%)

Long/Short

69.8%

Long: 69.8%Short: 30.2%

Funding Rate

-0.0018%

Shorts pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$2,121.96

▲ 1.67%

Volume (24h): -

Resistance Levels

Resistance 3$2,577.98

Resistance 2$2,403.28

Resistance 1$2,234.29

Price$2,121.96

Support 1$1,994.75

Support 2$1,826.83

Support 3$1,157.44

Pivot (PP):$2,110.44

Trend:Downtrend

RSI (14):32.9

According to Whale Alert monitoring cited by COINOTAG News on August 28, institutional liquidity provider Cumberland executed an on-chain deposit of 22,289 ETH to Coinbase Institutional, with a reported USD equivalent of roughly $103 million.

Earlier the same day, COINOTAG reported a separate ETH transfer from Cumberland of approximately 25,200 ETH to Coinbase Institutional, valued near $116 million, per on-chain monitoring.

Combined, these wallet-to-exchange flows total 47,489 ETH — about $219 million — representing an increase in large-scale Ethereum deposits to an institutional custody venue, as recorded by Whale Alert.

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