The Balancer hacker just swapped 21,000 ETH into 617.4 BTC through THORChain, pocketing $47.8 million in the process. With most of his stolen ETH now flipped to BTC, only 1,000 ETH remains in his wallet, signaling a clear pivot amid ongoing crypto market crash fears and Bitcoin dominance plays that echo last quarter's BTC surges.

On the 4-hour ETH chart, price action clings to $2309.27 in a bearish structure, pinned below the EMA50 at $2323.0 while the EMA200 at $2238.54 acts as a deeper support magnet. MACD flashes a death cross at -7.22, underscoring weakening momentum, yet RSI at 43.84 stays neutral, hinting at no immediate oversold bounce. Volatility squeezes inside Bollinger Bands, with upper resistance at $2342.64 capping upside and lower support at $2298.1 inviting tests—confluence here screams a probable grind lower toward EMA200 before any reversal, especially if broader ETH price prediction models factor in this hacker's massive swap impacting liquidity.