Ethereum Whale Deposits $13.3M ETH

A major Ethereum whale, tagged as 0xF4E, just deposited 5820 ETH valued at $13.3M into exchanges OKX and Bybit after a month of dormancy, per on-chain data from OnchainLens. This move tracks recent ETH whale activity patterns, where large holders often liquidate positions during volatile crypto market phases, potentially pressuring ETH price prediction models as Bitcoin (BTC) hovers in correlated downtrends.

Zooming into the 4-hour ETH chart, price action clings to $2290.69 inside a bearish structure, with the EMA50 at $2325.96 capping upside as immediate resistance while the EMA200 at $2276.57 provides fragile long-term support below. MACD confirms the death cross at -4.21, signaling sustained bearish momentum, yet neutral RSI at 37.68 hints at no extreme oversold conditions; meanwhile, volatility squeezes within Bollinger Bands, testing the lower support at $2289.82 that could trigger a bounce if held, but a break eyes deeper retracement toward EMA200 confluence before any reversal amid ongoing crypto deposit trends.