Arthur Hayes: Adds 3,298 ETH in $6.39M Purchase

Arthur Hayes bought another 3,298 ETH worth $6.39 million three hours ago.

Since July 15 the former BitMEX chief has accumulated 7,213 ETH for $13.87 million at an average $1,923 entry, leaving him down roughly $301,000 on the position.

Price action on the 4-hour chart shows ETH at $1,868.39 testing below EMA50 resistance at $1,895.88 while holding above EMA200 support at $1,812.74; the MACD death cross at 7.15 confirms bearish momentum, RSI at 41.04 stays neutral, and the Bollinger bands frame the next volatility targets between $1,976.56 upper resistance and $1,823.33 lower support. This accumulation shapes ETH price prediction models and counters crypto market crash narratives without direct AI industry impact.