Crypto Whale Swaps BTC for ETH

A major crypto whale executed a swap of 40 BTC valued at $3.23 million for 1,384.6 ETH through Thorchain, followed by routing the funds via Tornado Cash for enhanced anonymity, as tracked by on-chain data on May 10, 2026. This move underscores growing interest in ETH amid bullish market signals, reminiscent of similar large-scale rotations seen in the past six months during BTC to altcoin shifts, potentially signaling confidence in ETH price prediction trajectories despite broader crypto market volatility.

From a technical confluence standpoint, ETH trades at $2334.4 in a clear bullish structure, hugging the EMA50 at $2324.09 as immediate support while the EMA200 at $2270.56 anchors the longer-term uptrend. MACD flashes a golden cross with a reading of -0.62, confirming momentum buildup, even as RSI sits neutral at 54.39—price pushes against the upper Bollinger band resistance at $2345.76, suggesting short-term volatility exhaustion could trigger a pullback to the lower band support near $2275.87 before resuming the climb, especially if whale inflows like this persist and tie into trending narratives around Bitcoin dominance fades.