The KelpDAO hacker, rattled by Arbitrum's seizure of his ETH holdings on that chain, kicks off laundering operations on the Ethereum mainnet. He moves 75,700 ETH valued at $175 million through multiple small transfers using the privacy protocol UmbraCash, as tracked by on-chain data. This follows recent crypto hacks that have pushed hackers toward advanced Ethereum privacy protocols like Umbra to obscure trails, echoing patterns seen in the last six months with rising crypto hacker transfers amid regulatory scrutiny. Black market operators increasingly leverage such tools, tying into broader ETH laundering techniques that exploit layer-1 anonymity features, while Bitcoin remains a go-to for larger illicit flows.

Zooming into the ETH 4h chart, price action clings to a bullish structure with the asset grinding above the EMA200 at $2207.22, signaling resilient long-term support even as the EMA50 at $2312.27 acts as immediate confluence for buyers. But the MACD death cross at -6.39 flashes bearish momentum, clashing with neutral RSI at 50.0 that hints at indecision. Price trades snug inside Bollinger Bands, testing the upper resistance at $2386.65 where volatility could exhaust and trigger a pullback—watch for a dip toward the lower band support at $2263.47 before bulls reclaim control, especially if macro flows from trending assets like TAO spill over into altcoin rotations.