ETH Whales Deposit $11.7M to Kraken, Binance

Two Ethereum addresses transferred a combined 5,069.5 ETH valued at $11.69 million to major exchanges. Address 0x88239aEc29987BE70c69B5e9d8542d4353142058 sent 2,558.5 ETH to Kraken after accumulating between 2025 and 2026 at roughly $2,880 average cost. Address 0x5a3489764431956FBb99C28E376b189577CCf9F5 withdrew 2,511 ETH from Aave after 11 months of dormancy and deposited everything to Binance.

Price action on the 4-hour chart shows ETH at $2,324.63 inside the Bollinger Bands with upper resistance at $2,390.57 and lower support at $2,294.75. The EMA50 at $2,381.73 and EMA200 at $2,481.96 frame a bearish structure, while RSI at 41.27 remains neutral and MACD registers a bullish golden cross at -20.87. With price testing upper Bollinger resistance near $2,390 while the 50-EMA caps upside at $2,381, a healthy retracement toward the $2,294 lower band appears probable before any sustained continuation.