BlackRock, Fidelity Deposit ETH to Coinbase

BlackRock unloaded 11,475 ETH worth $26.27 million into Coinbase Prime three hours ago, while Fidelity followed with 23,919 ETH valued at $54.44 million in the past hour, per Lookonchain data—moves that scream institutional offloading as ETH price prediction turns grim and crypto market crash fears escalate, especially with Bitcoin (BTC) hovering in correlated weakness over the last six months.

Price action on the 4-hour ETH chart screams bearish conviction as it grinds below the EMA50 at $2323.41, testing that level as immediate resistance while the EMA200 at $2267.95 holds firm as deeper support—confluence hits hard with MACD locked in a death cross at -9.89, signaling sustained downside momentum, and RSI at 47.65 neutral but leaning vulnerable. Volatility squeezes inside the Bollinger Bands, with upper resistance at $2396.0 capping any fakeout rallies and lower support at $2253.44 beckoning as the exhaustion target—expect a sharp retracement there before any bounce, mirroring the crypto market crash patterns we hammered through late 2025.