Arthur Hayes: Buys 1,293 ETH at $1,933

Arthur Hayes purchased 1,293 ETH for 2.5 million USDC at $1,933 through FalconX and Galaxy Digital after several days of rebounds.

The BitMEX co-founder previously promoted $SYN which doubled then collapsed, raising questions about timing. With price testing upper Bollinger resistance at $1963.11 while RSI flashes overbought at 71.07, a healthy retracement to the 50-EMA support at $1815.18 seems probable before further continuation amid institutional ETH accumulation and ETH price prediction models tracking crypto market volatility.