ETH Whale: 3-Year Holder Takes $55.9M Partial Profits

ETH whale activity surfaced today as a long-term holder transferred 21,229 ETH valued at $55.93 million back to Bitfinex after three years of accumulation.

The address originally withdrew 112,066 ETH at $2,030 per coin for a $227 million outlay in 2023 and now books $66.45 million in realized gains on the partial exit at current levels above $2,600.

Price action on the 4-hour chart shows ETH trading inside the Bollinger Bands with the upper resistance at $2,629.15 while RSI at 70.09 signals overbought conditions; a healthy retracement toward the EMA50 support at $2,488.69 appears probable before any continuation higher, especially with the MACD golden cross still intact at 34.65.