Institution: 172,546 ETH Transferred to CEX in Four Days

Institution finished liquidation as the last 29,735 ETH worth $72.06 million hit CEX exchanges nine hours ago, bringing the four-day total to 172,546 ETH valued at $417 million.

On-chain tracking of 172k ETH whale movements to exchanges matches large institutional ETH transfers to CEX historical patterns seen in prior distribution phases, with average entry near $2,420.

ETH holds at $2501.57 inside a bullish structure above the EMA50 support at $2435.15 and EMA200 at $2222.15. Price tests the upper Bollinger Band resistance at $2531.77 while RSI sits at 62.12 and MACD shows a golden cross at 9.57, pointing to a probable retracement toward the 50-EMA before any extension higher.