According to @OnchainDataNerd, significant Ethereum deposits were made into exchanges within the last 24 hours. Polychain Capital deposited 5.7k ETH, valued at approximately $9.19M. Galaxy Digital transferred 12.5k ETH, equating to roughly $20.29M, while B2C2 added 6.54k ETH, worth about $10.67M. These movements suggest potential selling pressure or strategic positioning in the market, affecting Ethereum's trading dynamics.