ETH Whale Deposits 9,389 ETH to Coinbase Prime

Whale 0xFe99 deposited 9,389 ETH into Coinbase Prime after holding the tokens for four years at a $23.8 million loss.

The address received the coins when ETH traded at $4,311 and now faces a 59 percent drawdown with the tokens valued at just $16.69 million. On the 4-hour chart, price sits at $1,777.92 inside the Bollinger Bands while testing the upper resistance at $1,829.27; the neutral RSI at 46.78 and MACD death cross signal limited momentum, so a retracement toward the EMA50 support at $1,771.81 remains the most probable next move before any sustained recovery.