Ethereum Whale: Deposits $5.5M ETH to Kraken

A dormant Ethereum whale just surfaced after three years, dumping all 2,301 $ETH—valued at $5.5 million—straight into Kraken. This move from address 0xa9f1b30dca761e3c04bfa9b62e4b0e37e76447ae hits amid volatile crypto market swings, echoing similar whale sells that pressured ETH price prediction models last quarter when holdings flooded exchanges during a brief Bitcoin rally.

Zooming into the 4-hour ETH chart, price action clings to a bearish structure with the EMA50 at $2331.08 capping upside like a steel lid, while the EMA200 at $2246.13 lurks as potential deep support if sellers pile on. MACD flashes a bullish golden cross at 6.57, hinting at short-term rebound potential, but neutral RSI at 46.55 keeps momentum in check—traders eye confluence where price tests the upper Bollinger band resistance at $2377.6, suggesting exhaustion could trigger a pullback to lower support at $2280.36 before any real continuation, especially with BTC correlations dragging alts lower.