Institution: Sends 39,500 ETH to Exchanges
Institution transfers 39,500 ETH worth $95M to CEX in one day, part of 142,800 ETH total since Aug 30 at $2,420 average.
SourceAnalysis
Institution moved another 39,500 ETH ($95 million) to multiple centralized exchanges in the past 24 hours.
Over four days since August 30 the same address has deposited 142,800 ETH ($345 million) at an average price near $2,420, leaving 29,735 ETH ($70.9 million) still on-chain.
With ETH price at $2405.54 sitting below the EMA50 resistance of $2423.86 and MACD locked in a death cross at -17.43, fresh exchange inflows align with bearish momentum; a test of the lower Bollinger band support at $2362.71 appears likely before any relief rally, shaping near-term ETH price prediction and institutional ETH selling flows.
余烬
@EmberCNAnalyst about On-chain Analysis
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