ETH Whale Unloads Another 3000 ETH to Binance for Profit
An ETH whale has made another significant move, depositing 3000 ETH to Binance for profit. According to blockchain data, this is not an isolated incident; since August 19th, the whale has deposited a total of 13887 ETH, resulting in $6.73M realized gains.
The latest transaction occurred just four hours ago, with the whale averaging $2413.4 per ETH. This move translates to a profit of around $191k for the batch.
The price of ETH currently sits at $2414.87 within its Bollinger band. The upper resistance is capped at $2523, while lower support is set at $2256. Additionally, both the 50-EMA and 200-EMA act as layered support for the asset, with prices hovering around these levels.
The MACD death cross at 87.95 signals fading momentum in the ETH market, despite the RSI remaining neutral at 66.57. This may indicate a probable retracement toward the 50-EMA before any potential extension higher.