Institutions: Withdraw 16,948 ETH from Exchanges

K3 Capital and Abraxas Capital pulled 16,948 ETH ($30.27M) from Binance and Bitfinex in the past hour, confirming fresh institutional ETH accumulation as wallets moved funds off-exchange.

Price sits at $1784.81 inside Bollinger Bands with upper resistance at $1827.33. The 50-EMA at $1771.11 and 200-EMA at $1751.87 act as layered support while RSI(14) holds neutral at 48.54. MACD death cross at 7.05 signals fading momentum, so a healthy retracement toward the 50-EMA support at $1771.11 appears probable before any continuation higher. These flows refine ETH price prediction models and institutional crypto buying patterns for the next sessions.