Ethereum Whale Unloads 42K ETH for $112M to Galaxy Digital

An Ethereum whale sold 42,000 ETH worth $111.88 million to Galaxy Digital after accumulating the position through over-the-counter (OTC) desks over the past two months.

The price of ETH holds at $2660.86 above the EMA50 support at $2629.31, even as the MACD prints a death cross, keeping price prediction models cautious.

The Relative Strength Index (RSI) is at 46.57, signaling neutral momentum, while Bollinger bands flag short-term volatility exhaustion between $2608.18 and $2816.36.