ETH: Whale Dumps 6503 ETH at $10M Loss

ETH whale addresses tied to the same entity deposited 6503.69 ETH valued at $15.94 million into Binance two hours ago, exiting positions opened in early 2024 at $3219.35 and $2523.43 for a realized loss exceeding $10 million.

Price action on the 4h chart shows ETH trading inside the Bollinger Bands at $2460.56 with upper resistance at $2504.73 and lower support at $2425.58 while the 50-EMA at $2339.01 and 200-EMA at $2065.75 anchor the bullish structure; despite the MACD death cross at 31.63, neutral RSI at 57.89 suggests any pullback would likely find bids near the 50-EMA before continuation. ETH price prediction models now factor this distribution against broader crypto market crash risks and AI industry impact on token flows.