Crypto
Whale Amasses $227M in ETH After Pulling Funds from Gemini
A significant whale has increased its Ethereum (ETH) holdings after withdrawing $16.87 million from Gemini, a cryptocurrency exchange.
The whale's address pulled an additional 9K ETH over the past month, bringing its total to 121K ETH valued at $227 million.
The price action on the four-hour chart shows ETH trading near $1874, within the Bollinger band. The EMA50 acts as immediate resistance at $1899.55, while the EMA200 provides support at $1846.27.
The MACD death cross is -5.14, reinforcing bearish momentum, and the RSI remains neutral at 35.32. This suggests that any push toward the upper Bollinger band at $1946.83 may face rejection before a test of the 50-EMA confluence zone.