Cumberland Wallet Adds 3,263 ETH as Ethereum Holds Above $3,500

• Cumberland-linked wallet acquired 3,263 ETH worth $11.75M, bringing total holdings to over $76M.
• Ethereum price stays above $3,500, with the wallet’s average entry at $3,261 and $6.63M in unrealized gains.
• The wallet shows steady accumulation, aligning with Ethereum’s uptrend on the 4-hour chart and strong EMA support.

A wallet suspected of belonging to major crypto market maker Cumberland has continued its steady accumulation of Ethereum, adding another 3,263 ETH worth $11.75 million in the last eight hours. 

On-chain analyst @ai_9684xtpa shared the data on X,  linking the activity to Cumberland based on the address’s pattern of transactions.

The acquisition brings the wallet’s total ETH holdings to 23,463.3, valued at around $76.52 million. Since June 18, the address has consistently added ETH to its balance, signaling steady accumulation rather than short-term trading behavior. Each purchase has averaged around $3,261 per ETH, according to on-chain records.

Related: BlackRock Buys More Ethereum Than Bitcoin, Signaling Big Shift Toward Altcoins

Ethereum Stays Strong Above $3,500

Ethereum trades at $3,566, keeping the wallet’s position …

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