Ethereum Whale: Sells 12,586 ETH After Six-Year Dormancy

Ethereum whale address 0x0965fffb37f94d82b6f16b4c291af43a94b24dc6 sold 12,586 ETH for 20.59 million USDS over two days at an average $1,636, ending a six-year dormancy that followed 2017 BAT ICO gains of $23.77 million.

The same entity originally spent 17,789 ETH to acquire 113.8 million BAT tokens at the $0.036 ICO price from contract 0x0d8775f648430679a709e98d2b0cb6250d2887ef, later exiting BAT positions on-chain and via Binance at $0.245 average to accumulate 27,586 ETH that remained untouched until now; 15,000 ETH valued at $24.29 million still sit in the wallet.

Technical confluence on the 4h chart shows price at $1,617 trading below both EMA50 resistance at $1,697.72 and EMA200 at $1,842.61 while MACD registers a bearish death cross at -28.73 and RSI sits neutral at 35.52 inside the Bollinger band; this setup points to immediate pressure toward the lower band support at $1,582.61 before any relief rally can develop.