Whale's Sixth-Dollar Rotation Shifts $34M in Crypto

A mysterious whale has continued its six-day rotation of assets, exchanging another 200.71 BTC ($17.2M) for 6,247 ETH ($17.2M), according to Lookonchain's tracking.

This move brings the total amount of Bitcoin moved into Ethereum in this rotation to 1,308 BTC ($104M), which has been fully staked.

The current price of Ether stands at $2722.71, situated within its Bollinger band with upper resistance at $2786.53. The 50-EMA is anchored at $2587.68 and the 200-EMA at $2400.47, forming a bullish structure.

The MACD golden cross supports continuation of this uptrend, but the RSI remains at 65.02, leaving room for a measured pullback to the 50-EMA before the next leg higher.