Ethereum: 8-Year Whale Exits With $27.5M Profit

Ethereum long-term holder liquidated the final 20,000 ETH, completing an eight-year exit that delivered $27.53 million in gains at an 88 percent return.

The address moved 37,598 ETH into 58.69 million USDS today at a $1,561 average sale price, compared with the $829 cost basis recorded in 2018.

Ethereum trades at $1,571.89 inside its Bollinger Band on the four-hour chart, with price testing the upper resistance at $1,709.68 while the EMA50 at $1,662.33 and EMA200 at $1,822.04 cap upside; the MACD death cross at -37.7 keeps the structure bearish and the RSI at 39.33 leaves room for a measured pullback toward the lower band support at $1,526.04 before any sustained recovery.