ETH Whale Adds Another 15,000 Tokens Valued at $41 Million

A large ETH whale has continued their buying spree, accumulating an additional 15,000 ETH tokens valued at $41.26 million in just the past 12 hours.

This latest purchase brings the whale's total holdings to a staggering 52,001 tokens, with a cumulative value of $112 million.

The address first started buying ETH through over-the-counter (OTC) transactions back in July and has since racked up a significant paper gain of $30.86 million on average entry prices of $2,161.51.

The recent price action on the 4-hour chart shows ETH trading within its Bollinger Bands near the upper resistance at $2,829.89, with a relatively neutral RSI reading of 69.65 and a MACD death cross warning of potential weakness ahead.