Galaxy Digital: Ethereum Whale Adds 15K ETH

Galaxy Digital facilitated another large OTC purchase as the wallet 0x8c585dFECE9d68a09f6a17B46c686E7a126A04b1 acquired 15,000 ETH at $2,751, adding $41.26 million to its position.

The address now controls 52,000 ETH worth $143 million after an earlier 37,000 ETH purchase at a $1,923 average two months ago, bringing the blended cost basis to $2,161 and marking $31.1 million in floating gains.

Price action on the 4h chart shows ETH trading inside the Bollinger Bands with upper resistance at $2,830 while RSI at 70.06 signals overbought conditions; a healthy retracement toward the EMA50 support at $2,617 appears probable before any continuation higher.