A prominent ETH whale, who accumulated 120,000 ETH in long positions, has now slashed holdings to just 8,000 ETH after offloading 60,000 tokens for a staggering $144.09 million profit, valued at $143 million, cashing in as Ethereum rides recent gains reminiscent of last quarter's surge while Bitcoin (BTC) hype builds around TAO-linked innovations.

From a technical confluence standpoint, ETH at $2,328.91 asserts its bullish structure with price hugging the EMA50 at $2,235.48 as immediate support, while the EMA200 at $2,136.76 anchors longer-term floors; MACD's golden cross at 35.79 signals sustained momentum, but with RSI at 60.56 nearing overbought territory and price testing the upper Bollinger band resistance of $2,425.5, expect a tactical pullback to the lower band support at $2,114.69 before resuming upside, especially if ETH price prediction models factor in broader crypto market volatility and potential AI industry impact on layer-2 scaling.