ETH Whale: Withdraws 18K from Binance
Whale wallet 0xf860 pulls 18,000 ETH ($43.22M) from Binance to BitGo, signaling institutional buying amid ETH price surge and whale accumulation trends.
SourceA newly created wallet, 0xf860, yanked 18,000 ETH worth $43.22 million from Binance just an hour ago, funneling it straight to BitGo, as whales and institutions ramp up ETH buys. This follows another fresh address snagging 35,000 ETH ($80.7 million) from the exchange over two hours, all headed to BitGo, underscoring aggressive ETH whale accumulation in a market eyeing Ethereum price surge potential amid broader crypto trends like Bitcoin (BTC) momentum.
Zooming into the 4-hour ETH chart, price action screams bullish conviction with the asset trading at $2399.14, comfortably above the EMA50 at $2323.27 acting as immediate support and the EMA200 at $2218.56 reinforcing the longer-term floor. Momentum holds steady with RSI(14) at 64.86, neutral but leaning bullish, while the MACD(12,26) golden cross at 12.17 confirms upward thrust. Yet, with price testing the upper Bollinger band resistance at $2398.62, we're seeing short-term volatility exhaustion—expect a tactical pullback to that EMA50 support around $2323 to shake out weak hands before resuming the grind higher, aligning perfectly with these whale inflows and hinting at a stronger ETH price prediction in the coming sessions.
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