Binance Whales Withdraw $67M ETH Amid Bullish Momentum
A significant withdrawal of Ethereum (ETH) from Binance has occurred, marking another instance of aggressive accumulation by whales. A whale, identified as 0x2d59, withdrew 30,000 ETH ($67.42M) from the exchange just 20 minutes ago. This brings its three-week total to a substantial 120,000 ETH ($237.7M).
Other notable players in the market have also been active. Abraxas Capital and a new wallet identified as 0x2261 added 18,000 ETH ($39.56M) and 6,704 ETH ($14M), respectively, to their holdings today.
The current price of Ethereum sits at $2276.76 within the Bollinger Bands, with an upper resistance level at $2287.49. However, overbought conditions are signaled by an RSI(14) reading of 92.92, while a MACD indicator confirms bullish momentum.
As a result, market analysts anticipate a probable retracement towards the EMA50 support level at $1963.66 before continuation. This development will likely influence near-term Ethereum price predictions and patterns within broader crypto market trends.