Abraxas Capital: Deposits 8000 ETH into Aave

Abraxas Capital deposited 8000 ETH worth $14.15M into Aave.

Large institutional ETH deposits into Aave impact ETH price prediction as price holds a bullish structure above the EMA50 at $1723.01. With price testing upper Bollinger resistance at $1802.67 while RSI sits at 61.92 and MACD prints a death cross, a healthy retracement toward the EMA200 support at $1748.31 appears probable before continuation.