Ethereum Whale Drops $108M Across Exchanges Amid Bullish Sentiment

An Ethereum whale has made significant deposits across multiple exchanges, totaling $108.04 million in Ether (ETH). The wallet address 0x2Ea212A3b33DA76c182A512385694A4111ac5d91 moved 43.88K ETH to Binance, OKX, Bybit, Kraken, and Gate after receiving 51.39K ETH from a Coinbase Prime accumulation.

The whale's deposit comes at a time when Ethereum is trading above the EMA50 support at $2422.33, with a bullish structure in place. However, the MACD death cross at -2.04 and neutral RSI of 44.55 indicate near-term pressure before any test of upper Bollinger resistance at $2516.03.

The whale's activity has sparked interest among onlookers, but it remains to be seen what impact this will have on the market in the short term.