ETH Whale Withdraws $9.98M from Kraken Amid Price Volatility
ETH whale accumulation continues as a significant withdrawal from Kraken was observed. Address 0x8447 pulled out 5,300 ETH ($9.98M) in a transaction just 15 hours ago.
This large withdrawal is reminiscent of similar events that occurred over the last year, which coincided with evolving ETH price prediction scenarios during periods of crypto market crash fears and shifting AI industry impact on institutional flows.
Currently, the ETH price sits at $1895.14, above the EMA50 support level of $1888.52. The 4h structure is still bullish, supported by the MACD golden cross and a neutral RSI reading of 55.27. However, the proximity to the upper Bollinger Band at $1898.73 suggests that a test of the EMA200 at $1861.03 may be impending before the next leg higher.