Ethereum ICO Investor Awakens from 11-Year Slumber
An Ethereum ICO investor has ended an 11-year slumber, testing a transfer of 0.1 ETH to Coinbase after holding onto approximately 2000 tokens since 2015.
The investor acquired these tokens at $0.311 per unit in 2015, a time when the cryptocurrency landscape was vastly different from today's market.
The coins have appreciated over 6150 times their original value, with the current price sitting comfortably within Bollinger Bands, which indicate an upper resistance level of $1927.7 and lower support at $1897.6 on the 4-hour chart.
A MACD death cross is present, but the RSI remains neutral at 56.65, suggesting a potential pullback toward the EMA50 if the price tests the upper band resistance.