GMGN: Deposits 6100 ETH to Coinbase
GMGN wallet moves 6100 ETH worth $16.38M to Coinbase from Robinhood fees, coinciding with ETH at $2660.14 on 4h chart.
SourceAnalysis
GMGN linked address sent 6100 ETH valued at $16.38 million to Coinbase eight hours ago, with the funds originating from a Robinhood network cross-chain transfer six days earlier as probable fee revenue.
ETH trades at $2660.14 inside a bearish structure where price tests the lower Bollinger Band support at $2664.24 while the MACD registers a death cross at 0.45 and RSI sits neutral at 42; the 50-EMA at $2668.63 now acts as immediate resistance, suggesting any bounce attempt will likely stall before retesting the 200-EMA floor at $2492.47.
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