Ethereum Whale: Adds $7.77M ETH Position
A new Ethereum address withdrew 3500 ETH from Binance three hours ago, bringing its total holdings to 9777.4 ETH at an average price of $2305.05 with an unrealized loss of $641000 after accumulating over $2253 million in the past week.
SourceAnalysis
Ethereum whale address 0x4AB785F639D3437298d780d15FD43a228A4845b8 withdrew another 3500 ETH from Binance three hours ago, increasing its position by $7.77 million and pushing total accumulation past $22.53 million over the past week.
The address now holds 9777.4 ETH at an average entry of $2305.05, sitting on a $641000 unrealized loss at current prices.
Price action on the 4h chart shows ETH trading inside the Bollinger Bands with the upper resistance at $2463.98 while the 50-EMA at $2303.85 and 200-EMA at $2419.28 define the bearish structure; with RSI at 40.4 and MACD confirming a death cross, the market remains under pressure below both moving averages and any bounce attempt faces immediate resistance at the upper band before a potential retest of lower support near $2160.
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