Arthur Hayes: Wallet Buys 1,400 ETH for $2.51M

Arthur Hayes linked wallet acquired another 1,400 ETH valued at $2.51 million four hours ago according to on-chain data from Lookonchain.

Price sits at $1802.9 inside Bollinger Bands with upper resistance at $1865.33. The 50-EMA at $1727.67 continues to anchor the bullish structure while the 200-EMA at $1901.2 caps upside. MACD registers a golden cross at 32.53 confirming trend strength and RSI at 63.54 leaves room before overbought territory.

With price testing upper Bollinger resistance while momentum indicators hold bullish, a measured pullback toward the 50-EMA support remains probable before continuation higher.