Ethereum OG Whale Exits 13,330 ETH for $36 Million
An early Ethereum investor, often referred to as an OG whale, has made a significant move by transferring 13,330 ETH, valued at $36.37 million, to Coinbase. This individual initially purchased 170,000 ETH during the 2015 ICO and has now exited a large portion of their holdings, averaging an entry price of $0.311 per ETH. The sale locked in gains of $193 million, representing a staggering 3,655x return on their original investment.
The remaining balance in the address stands at 1,484 ETH, currently worth approximately $4.01 million. The transaction underscores the substantial profits that early Ethereum adopters have accumulated over the years.
From a technical standpoint, Ethereum's price is holding steady at $2,695.96, just above the 50-EMA support at $2,690.56 and the 200-EMA at $2,582.35. The bullish MACD golden cross at 4.28 suggests ongoing momentum, while a neutral RSI at 49.56 indicates potential for further upward movement toward the upper Bollinger resistance at $2,741.77. However, any exhaustion in this range could lead to a retracement to the lower band at $2,656.79 before continuing higher.
The broader market structure aligns with these technical indicators, suggesting a measured approach to Ethereum's near-term price predictions.