Ethereum: 31,979 ETH Withdrawn From Coinbase by Whale

Ethereum saw four new addresses linked to a single entity withdraw 31,979 ETH from Coinbase in an eight-minute window last night, moving $85.68 million at an average $2,679.31 per token amid ongoing large Ethereum whale withdrawals from Coinbase historical impact.

These outflows align with Ethereum exchange outflow patterns and price correlation observed over the past year, where similar moves preceded volatility spikes. On the 4h chart, ETH trades at $2,675.23 inside the Bollinger Bands with upper resistance at $2,805.3 and lower support at $2,632.14; price sits above the EMA50 at $2,633.86 yet faces a MACD death cross at 21.34 while RSI at 48.94 remains neutral, suggesting a test of the 50-EMA support before any push toward the upper band.