Ethereum ICO Whale: Final 7,594 ETH Sent to Kraken
@EmberCN reports that an early Ethereum ICO participant has transferred the last 7,594 ETH valued at $17.79 million to Kraken, completing liquidation of a 200,000 ETH position bought for $62,000 and sold at an average $1,368.
SourceAnalysis
@EmberCN flagged the final move from address 0xa0e239b0ABf4582366AdaFF486EE268C848c4409: the whale that acquired 200,000 ETH at the ICO price of $0.311 shifted the remaining 7,594 ETH ($17.79 million) to Kraken six hours ago and exited completely.
Price action on the 4h chart shows Ethereum at $2355.54 inside the Bollinger Bands while testing upper-band resistance at $2371.48; the 50-EMA at $2372.64 and 200-EMA at $2475.81 continue to cap upside, and although MACD has printed a bullish golden cross the neutral RSI at 51.9 suggests any rejection here likely pulls price back toward the $2300.9 lower band before the next directional attempt.
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@EmberCNAnalyst about On-chain Analysis