A 1.6-year dormant wallet, identified as 0x9Cb, just snapped up 3,017 ETH for $7 million at $2,320. Over the past two days, this whale has accumulated 7,300 ETH across two wallets for a total of $17 million at an average of $2,329, with $3 million USDC still ready to deploy into more ETH. This Ethereum whale accumulation echoes patterns seen in the last six months, where similar dormant addresses fueled rallies, potentially signaling upside in a market eyeing Bitcoin (BTC) correlations and broader crypto market trends.

From a technical confluence standpoint, ETH trades at $2317.18 in a bearish structure, pressing against the EMA50 resistance at $2323.87 while the EMA200 at $2237.91 acts as deeper support. Momentum sits neutral with RSI(14) at 46.52, but the MACD(12,26) death cross at -6.45 screams caution. Price hugs the middle of the Bollinger Bands, with upper resistance at $2355.65 capping gains and lower support at $2292.38 offering a potential floor—expect a test of that lower band if buying pressure fades, setting up for a rebound toward the 50-EMA confluence in this ETH price prediction window.