Bitfinex: 86,481 ETH Deposited After Five Years
Bitfinex receives 86,481 ETH ($171.57M) from wallet 0x1Bb7 after five years; ETH trades at $1984.74 amid bearish structure.
SourceAnalysis
Wallet 0x1Bb7 moved 86,481 ETH ($171.57M) into Bitfinex after five years of dormancy, a transaction that may represent an internal exchange transfer rather than external selling pressure. ETH currently prints $1984.74 on the four-hour chart inside a bearish structure defined by the EMA50 at $2034.25 and EMA200 at $2158.09, while MACD has printed a bullish golden cross at -11.93 and RSI sits neutral at 40.85; price is testing the upper Bollinger Band resistance at $2045.15 with lower-band support at $1970.89, suggesting any rejection here likely funnels ETH back toward the EMA50 confluence before the next directional move.
Lookonchain
@lookonchainLooking for smartmoney onchain