ETH Whale: Transfers 3000 ETH Worth $6.94M
The 2015 ICO whale holding 47000 ETH transferred 3000 ETH valued at $6.94 million to exchanges in 24 hours while moving over $100 million in stablecoins to trading venues overnight.
SourceAnalysis
ETH whale from the 2015 ICO continues distribution, shifting 3000 ETH worth $6.94 million to exchanges in the past 24 hours while retaining 47000 ETH valued at $109 million on-chain.
The address also routed more than $100 million in stablecoins to exchanges, market makers and OTC desks last night with intent unclear. Historical records show the same entity sold 50000 ETH in February 2016 at an average $5.47.
ETH trades at $2325.19 beneath both the EMA50 at $2381.76 and EMA200 at $2481.97, locking in the bearish trend structure. RSI at 41.44 remains neutral while the MACD registers a bullish golden cross at -20.83; price currently sits inside the Bollinger band and has tested the lower support at $2294.83 amid the fresh whale flows.
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