ETH Whale: OG Deposits 1500 ETH After 744017% Gain

ICO-era whale 0x6C6…d2941 sold 50000 ETH in February 2016 at an average $5.47 for a 1664% return and has now deposited another 1500 ETH valued at $3.46 million into exchanges, leaving 48500 ETH still held after an 11-year span that would equate to a 744017% gain on the original position.

Price action on the 4-hour chart shows ETH trading at $2309.94 inside the Bollinger Bands with the upper band at $2422.21 acting as immediate resistance while the lower band at $2291.36 offers short-term support; the bearish EMA structure places the 50-period EMA at $2390.71 and the 200-period EMA at $2486.57 as layered resistance overhead, and the MACD death cross at -25.07 combined with RSI at 36.47 suggests any bounce into the upper band is likely to meet selling that could accelerate a test of the lower band before the next directional move.