Ethereum traded at $2,471.16, up 2.25% in 24 hours and 32.8% during August, while remaining above the $2,247.57 middle line of its 20-day Bollinger Bands. Whale-related exchange transfers increased, with EmberCN reporting 109,806 ETH worth about $266 million moved over three days and estimating total sell volume of 167,864 ETH, valued at roughly $406 million. The wallet reportedly still held 58,048 ETH, although transfer and balance figures differ from an earlier Lookonchain account involving address 0xF626. Ethereum open interest exceeded $30 billion and trading volume surpassed $90 billion during August. Exchange deposits can precede selling but may also support staking, lending or wallet transfers, leaving the market impact uncertain.