Dormant Wallet: Sells 10,000 ETH for $17.72M

Lookonchain flagged a wallet dormant for three years that received 10,000 ETH and immediately sold the entire stack for 17.72M USDC at an average $1,772.

Price action on the 4h chart shows ETH trading inside the Bollinger Bands with upper resistance at $2053.63 and lower support at $1703.01 while the EMA50 at $1942.3 and EMA200 at $2117.27 define the bearish structure above current levels. Momentum remains weak as the MACD prints a death cross at -60.87, yet the RSI at 28.99 signals oversold conditions that often precede short-term bounces toward the 50-EMA before any deeper test of the lower band.