Ethereum Whale Stakes $382 Million into Lido
A significant Ethereum whale has been identified, having withdrawn 1420 tokens valued at $382.3 million from OKX at $2692.47.
The whale immediately staked the full amount into Lido, a move that has been seen as a bullish signal for the cryptocurrency.
According to the 4h chart, ETH is trading at $2702.29 inside the Bollinger Bands, with upper resistance at $2737.46 and lower support at $2654.84.
The EMA50 at $2686.73 and EMA200 at $2572.2 are anchoring a bullish trend structure, while the MACD registers a golden cross at 1.19.
The RSI at 53.06 leaves room before overbought conditions, suggesting continuation toward the upper band once the 50-EMA support holds.