ETH Whale: Deposits 5,000 Tokens to Exchange

EmberCN tracked an original 2015 ICO participant who acquired 100,000 ETH for $31,000 and has now deposited the most recent 5,000 ETH ($11.59 million) into an exchange three hours after the transfer.

The address previously sold 50,000 ETH at $5.47 a decade ago and retains 45,000 ETH valued at $105 million.

Price action on the 4h chart shows ETH at $2348.02 inside a bearish structure with EMA50 at $2372.35 acting as immediate resistance and EMA200 at $2475.73 capping upside; MACD has printed a golden cross yet RSI sits neutral at 49.57, while price tests the upper Bollinger band at $2370.39, suggesting a likely pullback toward the $2301.23 lower band before any sustained move higher.