Kraken: Four Wallets Withdraw 89K ETH for $197M

Kraken and FalconX processed large ETH exchange withdrawals totaling 89,026 ETH worth $197.85M across four wallets.

ETH trades at $2224.68 on the 4h chart inside the Bollinger bands, with price holding above lower support at $2212.42 while EMA50 at $2290.09 and the MACD death cross at -18.46 keep the structure bearish, pointing to a likely retest of that band floor before any sustained move higher in institutional Ethereum accumulation patterns 2024-2026.