Garrett Jin Deposits $250M ETH to Binance

Garrett Jin, the legendary Bitcoin OG known as 10/11, just deposited a massive 108,169 ETH haul worth $250 million straight into Binance. This whale move, tracked by OnchainLens, hits as ETH navigates choppy waters, potentially signaling a strategic sell-off or repositioning in the broader crypto landscape. With BTC dominance lingering and whispers of TAO ecosystem hype building, traders eye this for Ethereum market impact and possible crypto trading signals.

On the 4-hour ETH chart, price action clings to $2305.98, trapped in a bearish trend where the EMA50 at $2322.45 acts as immediate overhead resistance, while the EMA200 at $2268.2 provides shaky long-term support below. Momentum builds with MACD flashing a bullish golden cross at -8.61, clashing against a neutral RSI of 45.19 that hints at indecision. Volatility squeezes inside the Bollinger Bands, with upper resistance at $2382.06 capping upside bursts and lower support at $2255.02 guarding against deeper slides—confluence here screams a potential breakout if bulls reclaim the 50-EMA, but failure could drag us toward that 200-EMA floor amid ongoing ETH price prediction uncertainty.