Ethereum OG: Buys ETH Dip After $34.2M Gain

Lookonchain flagged another Ethereum OG accumulating ETH during the market drop. Ten years ago the wallet received 12,001 ETH from ShapeShift at $7.58; it sold the stack over a year ago for $34.3M USDC at $2,856, locking in a 376x return.

Price sits at $2106.76 beneath the EMA50 at $2131.15 and the EMA200 at $2220.27, confirming the bearish structure. With the MACD printing a bullish golden cross at -6.01 and RSI neutral at 49.78, the market is testing the upper Bollinger Band resistance at $2160.33. A rejection here would likely send ETH toward the lower band support at $2030.03 before any sustained recovery, shaping near-term ETH price prediction models for traders watching Ethereum whale activity.