Ethereum Whale Transfers $86.93M to Bitfinex Amid Price Surge
A significant Ethereum (ETH) whale has made a notable move by transferring 33,180 ETH worth $86.93 million into Bitfinex, according to Lookonchain's analysis. This transfer comes after more than two years of inactivity from these wallets.
The whale's gain is estimated at around $20.48 million. The current price of Ethereum sits within the Bollinger band, with an upper resistance level at $2653.09 and a Relative Strength Index (RSI) reading of 71.62, indicating overbought territory.
This has led to a prediction of a measured pullback toward the EMA50 support level at $2494.5 before bulls test higher prices again. The Moving Average Convergence Divergence (MACD) is also showing a golden cross at 39.99, maintaining the structure above the EMA200 at $2349.42.