ETH: Whale Buys $17.8M at $1968 Average

ETH saw aggressive accumulation as one address spent $17.8 million to purchase 9046.17 ETH at a $1968 average over 50 minutes before routing tokens to a second wallet.

Price currently sits at $1966.31 inside the Bollinger Band with upper resistance at $1968.75. The 4-hour structure remains bullish as price holds above both EMA50 at $1893.99 and EMA200 at $1809.39, while MACD prints a golden cross at 16.6. With price testing upper Bollinger resistance at $1968.75 while RSI flashes overbought at 73.04, a healthy retracement to the 50-EMA support at $1893.99 seems probable before further continuation. Traders tracking ETH price prediction flows note this on-chain activity aligns with sustained institutional interest rather than any crypto market crash narrative.