Whales Rotate 602 BTC into 18,780 ETH in Coordinated Rotation

Lookonchain detected a coordinated rotation of 602 BTC into ETH by 11 new wallets over the past three days.

The whales sold their Bitcoin holdings on Hyperliquid, worth $45.83M, and simultaneously purchased 18,780 ETH for the same value.

The price action on the 4h chart shows Ethereum at $2486.87, nestled within its Bollinger Bands with upper resistance at $2504.48.

Technical indicators suggest that any potential pullback would likely find support near the EMA50 before continuation, as the bullish EMA50 and EMA200 act as layered support.