ETH: Whale 0x8447 Stacks 5300 ETH From Kraken

ETH whale accumulation continues as address 0x8447 pulled another 5,300 ETH ($9.98M) from Kraken 15 hours ago.

Over the last 12 months similar large withdrawals have aligned with evolving ETH price prediction scenarios during periods of crypto market crash fears and shifting AI industry impact on institutional flows.

Price at $1895.14 sits above the EMA50 support at $1888.52 while the MACD golden cross and neutral RSI at 55.27 keep the 4h structure bullish; however, proximity to the upper Bollinger Band at $1898.73 points to a likely test of the EMA200 at $1861.03 before the next leg higher.