ETH Wallet Accumulates $3.81M as Price Models Remain Constructive

A significant ETH accumulation occurred recently as address 0x2fA...c5e1D pulled 2000 ETH valued at $3.81 million from Binance four hours ago.

The tokens were routed through two intermediaries into 0xA84...919DF, which now controls a total of $7.96 million in ETH and $1.03 million in LINK.

This development is taking place amidst the broader crypto market's uncertainty, with price prediction models remaining constructive while the crash narrative remains on hold.

ETH's 4h chart shows it trading at $1922.94 within a bullish structure, above both its EMA50 and EMA200 levels at $1894.15 and $1838.76 respectively.