K3 Capital: Withdraws 7,930 ETH from Binance

K3 Capital withdrew 7,930 ETH valued at $16.88M from Binance on May 20, 2026, according to on-chain data tracked by Arkham Intelligence.

The move arrives while ETH price sits at $2117.62 inside Bollinger Bands with upper resistance at $2150.29 and lower support at $2101.85. Price remains below both the EMA50 at $2179.46 and EMA200 at $2244.11, confirming the broader bearish trend structure that has dominated the last six months.

RSI at 40.09 stays neutral while MACD registers a bullish golden cross at -14.58, creating clear technical confluence. With price testing upper Bollinger resistance at $2150 while the 50-EMA sits as concrete resistance overhead, a healthy retracement toward $2101 support appears probable before any sustained continuation higher. These large exchange outflows continue to shape ETH price prediction models and crypto whale movements across the market.