Ethereum: Whale Buys 17,675 ETH Off Binance

Ethereum saw fresh accumulation as wallet 0xA708 acquired 17,675 ETH ($28.58M) directly from Binance two hours ago, highlighting ongoing Ethereum whale accumulation patterns during price dips even as broader sentiment sours.

Price sits at $1656.03 inside the Bollinger Bands with upper resistance at $1782.65 and lower support at $1580.55. The 4h structure remains bearish as price trades below both EMA50 at $1696.21 and EMA200 at $1840.97, while MACD prints a death cross at -25.91 and RSI holds neutral at 45.15; any test of the upper band would likely meet selling before a retest of the 50-EMA confluence zone.