Abraxas Capital: Withdraws $29.4M ETH from Aave, Binance

Abraxas Capital executed a $29.4M ETH withdrawal, taking 13.5K ETH from Aave and converting 13.5K aETHWETH into native tokens while collecting an additional 1.79K ETH from Binance.

The move arrives as ETH trades at $1927.68 inside its 4h Bollinger Bands. Price sits above the EMA50 support at $1875.37 and the EMA200 at $1784.87, keeping the structure bullish. MACD holds a golden cross at 17.98 while RSI at 62.78 leaves room before overbought territory. A test of the upper band at $1956.82 could trigger a healthy pullback toward the 50-EMA before continuation.