Ancient Whale: Dumps 16700 ETH for $32.3M

Ancient whale address 0xBE4265E12Cde8b8e1fFd54A92401037AB06a0c5F sold 16700 ETH in a single transaction valued above 32.3 million dollars. The address acquired 8630.71 ETH at 2742.41 dollars in September 2021 and exited that portion at 1934.63 dollars, booking a 6.971 million dollar loss on the recent trade while still realizing gains from its original 2015 ICO cost basis of 0.31 dollars. A separate Ethereum Foundation-linked address has now sold 2000 ETH for 3.868 million dollars, bringing its cumulative sales since October 26 to 6785 ETH worth 14.45 million dollars with 21247 ETH remaining.

Price action on the 4h chart shows ETH trading at 1944.75 dollars inside a bearish structure defined by the EMA50 at 2127.82 dollars and EMA200 at 2323.71 dollars. Momentum remains weak with RSI at 24.94 in oversold territory and MACD printing a death cross at negative 50.66. With price testing the lower Bollinger Band support at 1951.67 dollars while the upper band resistance sits at 2138.58 dollars, the next move likely targets a relief bounce into the EMA50 before any sustained recovery attempt.