BitGo: Moves 25,000 ETH to Suspected Bitmine Wallet

BitGo transferred 25,000 ETH valued at $40.93M into a freshly created wallet that analysts link to Bitmine.

Price sits at $1648.88 inside Bollinger Bands with upper resistance at $1710.85 and lower support at $1605.22. The structure remains bearish as price trades below both EMA50 at $1716.45 and EMA200 at $1982.55, yet MACD has printed a golden cross at -14.29 while RSI holds neutral at 46.89. Traders watching ETH price prediction models note that any sustained push above the upper band could relieve pressure, whereas failure at EMA50 keeps downside open toward the lower band in the current crypto market environment.