Ethereum Whale Withdraws Another $35.44M from Gemini

A prominent Ethereum whale known as 0x2e80 has withdrawn and staked another significant amount of Ether (ETH) from Gemini. The withdrawal totals $35.44 million, consisting of 19,000 ETH, bringing the three-week total to $208 million in withdrawals from the exchange.

The current price of Ethereum sits within its Bollinger Bands, with an upper resistance at $1889.73 and lower support at $1835.66. Technical indicators suggest a potential test of EMA50 resistance at $1878.36 before any further movement.

Despite the whale's significant withdrawal, the market remains cautious due to lingering crypto crash fears and muted impact from AI on staking flows.