ETH Whale Stakes $7.18M After OKX Withdrawal
A large Ethereum (ETH) holder, identified by the address 0xe6d52C277Aa852131998184E0f9145C6D1B047F9, has withdrawn 2,656 ETH from the OKX exchange over the past two days. The latest withdrawal amounted to 1,236 ETH, valued at approximately $7.18 million, with an average exit price of $2,703.3. The current unrealized profit on the position stands at $19,500.
The address has been consistently staking the withdrawn ETH through Lido, indicating a long-term holding strategy rather than short-term trading. At the time of writing, ETH is trading at $2,717.64, which places the position above key support levels like the EMA50 at $2,693.8 and the EMA200 at $2,586.42.
Technical indicators suggest a bullish outlook, with the MACD showing a golden cross at 7.43. The price remains within the Bollinger Bands, and the RSI is neutral at 55.76. This setup suggests a potential move toward the upper resistance at $2,741.53 before any retracement to the 50-EMA.