Crypto
Whales Accumulate $12.42M in Ethereum Over Two Hours
Whale investors have been actively accumulating Ethereum (ETH), with three addresses buying up $12.42 million worth of the cryptocurrency over a two-hour period.
The whales pulled 3101 ETH from Binance, 3092 ETH via Galaxy Digital OTC, and 1044 ETH through Cowswap.
The current price of ETH is sitting at $2284.56, with the 4-hour chart inside Bollinger Bands. The price has tested upper resistance at $2334.02, while the Relative Strength Index (RSI) prints a reading of 90.14, indicating overbought conditions.
The Moving Average Convergence Divergence (MACD) holds a golden cross at 99.05, suggesting a probable retracement towards the Exponential Moving Average (EMA)50 support level at $1976.97 before any potential extension higher.