7 Siblings: Buys 10792 ETH for $22.1M

7 Siblings returned to accumulate 10792.32 ETH at an average price of $2048.83 for a total of $22.11 million over the past 11 hours via wallet 0x28a55c4b4f9615fde3cdaddf6cc01fcf2e38a6b0, its first major on-chain purchase in three months.

The entity had sold 26265.2 ETH worth $62.47 million between August 21-22 and currently holds over $768 million in ETH.

Price sits at $2047.94 inside the Bollinger Bands with the upper band at $2288.39 acting as near-term resistance while the lower band at $1993.31 offers support; the bearish EMA structure places EMA50 at $2197.92 and EMA200 at $2363.15 as overhead resistance, and the MACD death cross at -52.88 with RSI at 30.41 suggests any bounce toward the upper band will likely stall and retrace toward the 50-EMA before the next directional move.