Arthur Hayes: Buys 3,298 ETH in Fresh OTC Deal

Arthur Hayes purchased 3,298 ETH for 6.32 million USDC through FalconX and Galaxy Digital in an OTC transaction. Since July 15 the former BitMEX co-founder has now accumulated 7,212.6 ETH at an average price of $1,916.

Price sits at $1874.93 beneath the EMA50 resistance of $1896.13 while the MACD death cross signals sustained bearish momentum; any ETH price prediction must factor the neutral RSI at 42.27 and the Bollinger upper band at $1976.37, suggesting a likely pullback toward the $1824.17 lower band before continuation. This accumulation occurs against a backdrop of crypto market crash fears that have kept institutional desks active on the bid.