Ethereum (ETH) whales are making waves by depositing a staggering $130 million worth of ETH into centralized exchanges, as reported by Glassnode and covered by BeInCrypto. This influx, equivalent to 51,881 ETH, suggests a potential increase in sell-off pressure following the recent surge in ETH price. The movement of ETH into exchanges often signals that investors are looking to cash out their holdings. However, if demand from new investors enters the market, ETH could potentially overcome this selling pressure and push towards its next resistance level of $3,102. The market's reaction to this news will be closely watched, as it could indicate whether the current ETH rally has more room to run or if a short-term correction is on the horizon.