Ethereum Whale Withdraws 9,600 ETH from Bybit

A major Ethereum whale just yanked 9,600 ETH valued at $21.6 million from Bybit over the past five hours, boosting its stash to 17,811 ETH worth $40.2 million. This move echoes aggressive Ethereum accumulation patterns seen in the last six months, where large holders scooped up dips during volatile crypto market trends, often signaling confidence despite broader pressures from Bitcoin dominance and BTC price swings.

On the 4-hour chart, ETH clings to a bearish trend with price at $2266.41 sandwiched between the 50-EMA resistance at $2305.24 and fragile 200-EMA support at $2252.98, where a death cross in MACD at -16.28 underscores fading momentum. RSI sits neutral at 43.63, but with price trading inside Bollinger Bands—upper resistance at $2339.59 capping rallies and lower support at $2234.3 vulnerable to breach—this setup screams potential retracement to the 200-EMA before any rebound, aligning with our ETH price prediction for short-term consolidation amid ongoing crypto market volatility.