Ethereum Whale Moves $120M ETH After 3 Years

An early Ethereum holder just shifted all 52,170 ETH ($120.61M) into a fresh wallet after lying dormant for three years. This whale pulled 42,572 ETH ($10.48M back then) from Kraken six years ago when ETH traded at a mere $246, spotlighting massive gains amid ongoing ETH price prediction debates and crypto market volatility.

Technical Confluence on ETH 4H Chart

Price action on ETH's 4-hour chart screams caution as it hovers at $2304.74 in a bearish trend, with the EMA50 at $2322.4 acting as immediate overhead resistance and the EMA200 at $2268.18 providing solid long-term support below. MACD flashes a bullish golden cross at -8.71, clashing against the neutral RSI at 44.83, while price trades snug inside Bollinger Bands—upper resistance at $2382.05 caps upside exhaustion and lower support at $2254.9 beckons as a retracement target. Confluence here points to a potential bounce off the EMA200 before testing upper volatility limits, especially if Bitcoin (BTC) momentum spills over into altcoin rallies, aligning with broader crypto whale activity trends we've tracked over the past six months.