Ethereum Whale: Deposits $2.31M ETH

A long-dormant Ethereum whale surfaced after six years, depositing 1,001 ETH valued at $2.31 million into Kraken, while retaining 3,000 ETH worth $6.88 million across two wallets, sparking speculation on potential crypto market crash signals tied to large holder movements like those seen in Bitcoin last quarter.

On the 4-hour chart, ETH trades at $2232.44 in a clear bearish structure, pinned below the EMA50 resistance at $2293.09 and EMA200 at $2273.69 after a MACD death cross at -16.25 confirms weakening momentum. RSI sits neutral at 38.81, but with price hugging the lower Bollinger Band support near $2219.86 inside the band—upper resistance looms at $2317.36—expect a test of that downside level before any rebound, mirroring the ETH price prediction volatility we saw in recent BTC corrections, setting up for a potential exhaustion bounce if buying pressure builds.