ETH Whale: Holdings Hit 52001 With $41M Buy

ETH whale 0x8c585dFECE9d68a09f6a17B46c686E7a126A04b1 bought another 15000 ETH for roughly $41.26 million in the past 12 hours, lifting cumulative holdings to 52001 tokens valued at $112 million.

The address began OTC accumulation in July and now sits on a $30.86 million paper gain after an average entry of $2161.51.

Price action on the 4h chart shows ETH trading inside the Bollinger Bands near the upper resistance at $2829.89 while the RSI at 69.65 remains neutral; with the 50-EMA support sitting concrete at $2617.11 and the 200-EMA at $2417.54, a healthy retracement toward that 50-EMA level appears probable before any continuation higher despite the MACD death cross. This latest move reinforces ongoing ETH price prediction models and crypto market dynamics around large-scale institutional ETH buying.