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Crypto

Ethereum Whale Withdraws $8.77M Amid Market Volatility Fears

Guavy AI Editorial Team
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ETH
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An Ethereum whale address has withdrawn a significant amount of ETH from various exchanges. The address, 0x363ADF8182fd0fCd0F43d1C904809F85d6f24F7A, withdrew 4,650 ETH (~$8.77M) from Coinbase, FalconX, Galaxy Digital, and Cumberland in the last hour.

The current price of ETH sits at $1,876.66, below its EMA50 at $1,894.73 but above its EMA200 at $1,848.79. The MACD death cross is currently at -5.0, indicating a bearish trend in the 4-hour chart.

Despite this, ETH's price remains within the Bollinger band, and technical indicators point to potential volatility ahead. According to models, the next significant resistance level for ETH lies at $1,930.51, before potentially moving towards lower support at $1,853.27.

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