Hayes Scores $2.5M in ETH via Galaxy Digital and FalconX

Arthur Hayes has made a significant move in the crypto market by purchasing $2.5 million worth of Ethereum (ETH) from Galaxy Digital and FalconX. According to the transaction, Hayes sent 2.5M USDC to both venues, securing 1,337 ETH from Galaxy Digital, which is valued at around $2.5 million. The second order with FalconX remains pending.

The price action of ETH currently sits at $1870.92, which is below the EMA50 resistance level of $1885.24 but above the EMA200 support level at $1830.19. The relative strength index (RSI) is neutral at 47.45, and the MACD golden cross remains intact.

Traders are now watching for a potential test of the upper Bollinger resistance level at $1911.58 before any pullback to the lower band support near $1834.16. This development comes amidst ongoing crypto market volatility and whale accumulation patterns.