Galaxy Digital: Deposits 15K ETH to Exchanges

Galaxy Digital just deposited 15,000 ETH valued at $34.73M to major exchanges including Binance, Bybit, and OKX, according to on-chain tracker Lookonchain. This whale movement hits as ETH navigates volatile waters, echoing similar large transfers over the past six months that often preceded price dips in the broader crypto market, including ties to Bitcoin (BTC) fluctuations.

From a technical confluence standpoint, ETH trades at $2316.08 in a bearish structure, with the EMA50 at $2329.93 acting as immediate overhead resistance and the EMA200 at $2247.61 providing longer-term support below. MACD shows a death cross with a reading of 1.76, confirming downward momentum, while RSI at 45.14 sits neutral but leans toward exhaustion. Price hugs the middle of Bollinger Bands, testing upper resistance at $2377.21—confluence here suggests sellers could dominate if it fails to break out, eyeing a retracement to lower support at $2282.17 before any rebound, much like patterns seen in recent ETH price prediction models amid crypto market crash fears and broader AI industry impact on blockchain adoption.