ETH: OG Investor Buys 1,951 ETH Dip After $30.5M Gain

Lookonchain flagged an Ethereum OG who pocketed $30.5M profit on an 803x return now buying the dip. Ten years ago the wallet took 11,005 ETH from ShapeShift at $3.46; it sold the stack over a year ago near $2,777 for $30.56M USDC. After the latest drop the same address spent $4.26M USDC to acquire 1,951 ETH at $2,182 and may continue.

Price sits at $2,176.15 inside the Bollinger band with lower support at $2,172.68. The 4h structure remains bearish as EMA50 at $2,275.73 and EMA200 at $2,271.09 cap upside, while RSI at 28.73 signals oversold conditions and MACD death cross at -28.28 confirms momentum loss. Institutional desks watch for a quick test of band support before any relief bounce toward the 50-EMA resistance.