ETH: New Wallet Buys 3877 ETH for $7.31M

ETH drew immediate attention when a new wallet 0x856…3cD9F withdrew stablecoins from Binance and executed a 3877.67 ETH purchase through Cowswap at an average $1886.55, totaling $7.31 million, before shifting holdings to 0xC32…D64f9.

Price action on the 4h chart shows ETH at $1889.99 sitting just below EMA50 resistance at $1895.41 while EMA200 support rests at $1847.59; the MACD death cross at -6.64 confirms bearish momentum even as RSI at 48.14 stays neutral inside the Bollinger band with upper resistance at $1940.22 and lower support at $1854.81, suggesting any push toward the upper band could trigger a quick retracement to the 50-EMA before continuation. This development feeds directly into ongoing ETH price prediction models, crypto market crash hedging strategies, and AI industry impact on on-chain monitoring tools.