BAT ICO Whale: Sells 27,586 ETH for $44.8M

BAT ICO whale who turned 17,789 ETH into 1.138 billion BAT tokens in 2017 has now liquidated the resulting 27,586 ETH position.

The address sold the full stack over the past 36 hours at an average $1,625, receiving 44.836 million USDS. Earlier sales of 12,586 ETH fetched 20.59 million USDS at $1,636 while the remaining 15,000 ETH moved two hours ago.

ETH price action on the 4-hour chart shows price at $1656.03 inside the Bollinger Bands with upper resistance at $1782.65 and lower support at $1580.55. The EMA50 at $1696.21 and EMA200 at $1840.97 frame a clear bearish structure while MACD prints a death cross at -25.91. With price testing upper Bollinger resistance while RSI sits neutral at 45.15, a healthy retracement to the 50-EMA support at $1696 appears probable before further continuation.