Ethereum Whale: Buys 7,567 ETH for $20M

Ethereum whale that booked $3.7 million profit selling in August has returned, moving 40 million USDC into Binance and withdrawing 7,567 ETH valued at $20 million within the past hour.

The address shows a strict 21st-day cycle: $21 million purchase on 7/21, profitable exit on 8/21, and fresh accumulation today on 9/21. Price sits at $2682.29 inside the Bollinger Bands with upper resistance at $2721.18; RSI(14) at 70.97 already marks overbought territory while the MACD golden cross remains intact. With price testing upper Bollinger resistance while RSI flashes overbought, a healthy retracement to the 50-EMA support at $2540.86 seems probable before further continuation, aligning with ongoing Ethereum whale accumulation and profit-taking patterns.