Garrett Jin Sells 50% of ETH on Binance

Garrett Jin just offloaded about 50% of his massive ETH deposits into Binance, signaling potential whale pressure on the crypto market. Over the last four days, he funneled 577,896 ETH valued at $1.35 billion onto the exchange, while three fresh wallets yanked out $700 million in USDT—a classic move hinting at liquidation or rotation into stables amid ongoing ETH whale activity. This comes as BTC hovers in correlated trends, reminiscent of last quarter's sell-offs that preceded a 15% crypto market correction in early 2026.

On the 4-hour chart, ETH trades at $2359.45 in a clear bullish structure, hugging above the EMA50 at $2329.15 and EMA200 at $2273.16 as rock-solid supports that have held firm through recent volatility. Momentum builds with MACD at 7.76 flashing a golden cross, yet RSI at 59.87 sits neutral, suggesting room for upside before overbought territory kicks in. Price dances inside the Bollinger Bands, testing the upper resistance at $2371.83—confluence here screams caution, as a push beyond could ignite fresh buying, but exhaustion near that level often pulls back to the EMA50 for reload, especially if broader ETH price prediction models factor in whale dumps like this one disrupting the rally.