Kraken: New Wallets Pull 4303 ETH Worth $8.67M

Kraken processed a withdrawal of 4303 ETH ($8.67M) by three newly created wallets four hours ago, a move lookonchain flagged as likely coordinated by a single whale.

Price action on the 4h chart shows ETH testing lower Bollinger support at $2019.35 while RSI sits at 26.49 in oversold territory and MACD maintains its death cross below zero; the structure keeps price pinned beneath both the EMA50 at $2104.49 and EMA200 at $2202.96, pointing to continued downside pressure until a decisive reclaim of the $2152.59 upper band occurs.