Crypto
ETH Whales Accumulate 3951 ETH Amid Market Volatility
ETH whales have been active in recent market volatility, executing coordinated buys that totalled 3951 ETH. The buying activity was observed during a price spike, with one address withdrawing 2000 ETH from Kraken at $2456.71 and another spending 482万 USDT for 1951 ETH at $2469.6.
This marks the first such accumulation by whales in five months, indicating a potential shift in market sentiment. The price action is currently sitting at $2467.7, directly on the EMA50 at $2468.48 with MACD locked in a death cross at -7.38.
The position of the price inside Bollinger Bands suggests that there is upper-band resistance at $2512.99 capping upside while lower-band support at $2435.76 offers the next logical target on any rejection.