Abraxas Capital: Accumulates 43.5K ETH From Exchanges

Abraxas Capital continues its aggressive ETH accumulation, pulling 43.5K ETH (~$80M) from Binance, Bybit and Bitfinex over the past week and routing 82.3K ETH total into Spark and Aave.

With price testing upper Bollinger resistance at $1947.67 while RSI sits at 42.52, a healthy retracement to the 50-EMA support at $1828.65 seems probable before further continuation as the death cross on MACD keeps the broader structure bearish. Institutional flows like this often shape ETH price prediction models, counter crypto market crash narratives and highlight limited AI industry impact on on-chain DeFi demand.