Bitmine: 20,000 ETH Transferred via FalconX to New Wallet

Bitmine appears behind a fresh wallet that just pulled 20,000 ETH valued at $35.86M from FalconX on June 16, 2026, landing at 0xE9fCE031b15B3B8e2E357c8a7daDeBDA8C60B6C9.

The move follows large institutional flows tracked over the past year and coincides with ETH trading inside its Bollinger Bands on the 4-hour chart at $1794.42, with the upper band resistance at $1864.13 and lower support at $1631.11.

Price sits above the EMA50 at $1727.34 while the EMA200 at $1901.12 caps upside; the MACD golden cross at 31.85 keeps the bullish structure intact and RSI at 62.17 leaves room before overbought territory, suggesting continuation toward the upper band before any pullback to the 50-EMA support.