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Mysterious Whale Unloads $1.66 Million in Ethereum Amid Market Volatility

Guavy AI Editorial Team
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ETH USDT
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The Mysterious Whale has made another significant move in the Ethereum market, transferring 884.55 ETH worth $1.66 million to two fresh wallets.

This comes after a CoW Protocol swap of 493.02 ETH for 928.57K USDT, indicating the whale's ongoing involvement with decentralized finance (DeFi) platforms.

The current price of Ethereum is $1883.37, and analysts note that the market is in a bearish structure, with the EMA50 resistance at $1888.2 capping upside movement.

However, the MACD golden cross suggests building momentum, which could drive a test of the $1873.49 lower band support before further continuation.

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