A long-dormant Ethereum whale surfaced after six months, deploying 358 ETH worth $828,000 to snap up 2.62 billion $ASTEROID tokens in the last 24 hours before channeling them into liquidity pools. The wallet retains just 156.57 million $ASTEROID but holds 81.64 ETH valued at $190,000, signaling potential follow-on purchases in this meme token play. This move echoes patterns from the past year where Ethereum whales have revived to inject liquidity into volatile meme tokens, often sparking short-term pumps amid broader crypto market volatility—think similar whale accumulations in tokens like HYPE that drove rapid gains.

On the technical front for ETH, price action holds firm in a bullish structure on the 4-hour chart, grinding above the EMA50 at $2324.27 and well clear of the EMA200 support at $2239.71, which acts as a rock-solid floor for any dips. MACD flashes a golden cross with a reading of -3.92, underscoring building upside momentum even as RSI at 52.85 stays neutral, avoiding overbought territory. Volatility squeezes inside the Bollinger Bands, with price testing the upper resistance at $2341.81 while lower support at $2300.31 caps downside risk—expect a probe toward that upper band before any retrace, aligning with ETH price prediction models eyeing $2400 if whale flows persist and sidestep a crypto market crash.