Ethereum Whale: 23000 ETH Pulled From Kraken

Ethereum whale activity intensified as new address 0x9c5…b1A16 withdrew 23000 ETH worth $38.22 million from Kraken at $1661.94 five hours ago and now holds $207000 in floating profit.

Large ETH withdrawals from Kraken historical patterns and Ethereum whale wallet accumulation on-chain analysis both flag this move as significant accumulation. On the 4-hour chart ETH trades at $1675.11 inside the Bollinger Bands with upper resistance at $1781.22; the bearish EMA50 at $1714.3 and EMA200 at $1852.55 continue to act as overhead resistance while the MACD death cross at -16.77 keeps momentum negative despite neutral RSI at 39.92.