Aztec (@aztecnetwork) just deposited the last 5,020 ETH valued at $12.33 million to Coinbase nine hours ago, wrapping up a series of moves from their public sale of 1.5 billion AZTEC tokens last December, which netted 19,388.46 ETH or $59.13 million. Out of that haul, 4,235 ETH worth $12.93 million fueled the liquidity pool, while the remaining 15,154 ETH totaling $47.25 million hit Coinbase deposits at an average price of $2,441 over the past three months, signaling strategic liquidation amid Ethereum's ongoing rally.

These Ethereum whale movements echo broader crypto deposit trends, where projects like Aztec offload holdings to capitalize on market highs, potentially influencing ETH price prediction models as liquidity shifts to centralized exchanges. Historically, over the last six months, similar deposits from major players have preceded short-term volatility spikes, especially when aligned with Bitcoin's surges—think how BTC dominance recently pressured altcoin flows.

Zooming into the 4-hour ETH chart, price action holds firm in a bullish structure, grinding against the upper Bollinger Band resistance at $2,434.94 while the MACD screams golden cross momentum at 33.69, confirming upside conviction. Yet with RSI sitting neutral at 64.58, just shy of overbought territory, confluence builds around the EMA50 support at $2,301.54—expect a tactical pullback there to shake out weak hands before resuming the climb past that upper band, especially if volatility contracts toward the lower support at $2,282.21 and aligns with the EMA200 floor at $2,175.51 for a stronger rebound setup.