Hayes Buys 1337 ETH Worth $2.5M After Substantial Loss

Arthur Hayes, a well-known figure in the crypto space, has made a significant move in his Ethereum (ETH) holdings. According to reports, he sold 2364 ETH at $1861.8 for a substantial loss of $128k. However, this was quickly followed by a more positive development when he received 1337.256 ETH worth $2.5M from Galaxy Digital at $1872.85.

This transaction has likely had an impact on Hayes' overall Ethereum holdings, and the current price of ETH is sitting at $1870.42 within its Bollinger band. The upper resistance level for ETH currently stands at $1911.56, while the lower support level is at $1834.13.

The technical indicators are also worth noting, with the EMA50 acting as immediate resistance at $1885.22 and the EMA200 offering deeper support at $1830.18. Additionally, the MACD golden cross at -7.39 signals building momentum in the market, despite a neutral RSI reading of 47.31.