Recent data from LookIntoChain reveals a significant movement of Ethereum by institutional investor Fidelity. Just 20 minutes ago, Fidelity transferred an additional 11,250 ETH, valued at approximately $36.9 million, to Coinbase via Cumberland. This transaction follows a larger trend, as over the past 24 hours, Fidelity has successfully deposited a total of 31,249 ETH, equating to around $103.55 million. These substantial deposits reflect the growing inclination among financial institutions to engage with digital assets, emphasizing the potential for Ethereum in diversified investment strategies. As regulatory environments mature and investor confidence solidifies, such large-scale transactions signify a bullish sentiment in the crypto market.