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Ethereum Whale Offloads Half of ETH Position Amid Price Surge

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ETH BNB ARKM
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An Ethereum whale has offloaded half of its ETH position on Binance after just one month. The wallet, tracked by Arkham Intelligence, purchased 10,501 ETH at $1,904 last month for a total of $20 million.

This sale represents more than half the initial purchase and valued at around $11.7 million, locking in a profit of $3.4 million due to the recent surge in Ethereum's price.

The current price action on the 4-hour chart shows ETH trading above the upper Bollinger Band resistance at $2,191.56 with an RSI(14) reading of 92.94 indicating overbought conditions.

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