ETH: Whales Deposit $23.9M to Binance | Flash News Detail | Blockchain.News
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5/16/2026 3:34:00 PM

ETH: Whales Deposit $23.9M to Binance

ETH: Whales Deposit $23.9M to Binance

ETH whales linked to Gammafund dump 10,976 ETH worth $23.9M into Binance as price sits at $2182.68 on bearish 4h chart.

Source

Analysis

Whales panic-selling ETH accelerated when two wallets tied to Gammafund moved 10,976 ETH ($23.9M) into Binance within the past hour, adding fresh supply pressure during a fragile market.

With ETH price at $2182.68 trading inside the Bollinger Bands and testing lower support at $2174.27 while the MACD death cross prints at -27.75 and price remains below both EMA50 at $2275.99 and EMA200 at $2271.15, the whale flow aligns with downside continuation that could trigger a sharper crypto market crash before any relief. Institutional desks now watch the RSI at 30.89 for signs of capitulation that would reshape ETH price prediction models across the next sessions, with Bitcoin correlation tightening the risk.


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