Ethereum: Whale Withdraws 9,000 ETH From Gemini
Ethereum whale pulls 9,000 ETH worth $16.87M from Gemini while accumulating 121,000 ETH over the past month, most already staked.
SourceAnalysis
Ethereum saw another large withdrawal as a whale moved 9,000 ETH (~$16.87M) out of Gemini today.
Zooming out reveals a much larger position: roughly 121,000 ETH (~$227M) accumulated over the past month, with the majority already staked, underscoring sustained Ethereum whale accumulation and staking trends.
Price action on the 4h chart shows ETH trading at $1872.5 inside the Bollinger Bands, pressing against lower support at $1869.24 while the EMA50 at $1898.74 caps upside and the EMA200 at $1846.42 offers deeper floor; the MACD death cross at -6.35 keeps the structure bearish even as RSI at 36.23 sits neutral, suggesting any bounce toward upper resistance at $1947.51 faces immediate rejection risk before a potential retest of the 50-EMA.
This on-chain flow aligns with ongoing ETH price prediction models that factor institutional staking behavior amid broader crypto market dynamics.
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