Ethereum Whale Unloads $9.59M to Exchanges in Sudden OTC Exit
A significant Ethereum whale has been spotted offloading a substantial amount of ETH to major exchanges. The wallet address 0x363ADF8182fd0fCd0F43d1C904809F85d6f24F7A sent approximately 5,100 ETH (~$9.59M) over the past hour, split across FalconX, Galaxy Digital, and Coinbase. This transaction suggests that the whale is opting for an over-the-counter (OTC) exit.
The current price of Ethereum sits at $1,881.09, trading within its Bollinger band with upper resistance at $1,942.57 and lower support at $1,854.77. However, technical indicators such as the EMA50 ($1,895.43) and EMA200 ($1,847.24) suggest a bearish trend, while the MACD death cross (-7.82) reinforces this sentiment.
The Relative Strength Index (RSI) is currently at 44.65, leaving room for further downside before any potential bounce. This confluence of technical indicators has led analysts to shape near-term ETH price predictions around these key zones.