ETH Whale: Deposits 5,000 ETH to Kraken at $1,960

Whale 0xc1b6 deposited 5,000 ETH worth $9.8M into Kraken as ETH fell to $1,960, locking in a roughly $200K loss after purchasing 5,003 ETH for $10M at $1,999 two months earlier.

Price action on the 4h chart shows ETH at $1,966.39 testing the lower Bollinger Band support at $1,967.22 while the EMA50 at $2,034.8 and EMA200 at $2,158.96 cap any recovery; the MACD death cross at -14.46 combined with RSI at 37.15 keeps downside pressure intact toward further support before any relief rally materializes.