Lookonchain: 7 Siblings Buys 10,792 ETH for $22M

Lookonchain flagged that 7 Siblings deployed $22M to purchase 10,792 ETH at an average of $2,038 ten hours ago, extending their history of accumulating during sharp selloffs.

ETH trades at $2053.16 on the 4h chart inside a bearish structure defined by the EMA50 at $2198.13 and EMA200 at $2363.2, both acting as overhead resistance. The MACD death cross at -52.46 confirms trend weakness while RSI at 30.99 sits neutral and price remains within the Bollinger Bands bounded by $2287.98 upper and $1994.24 lower. With 7 Siblings stepping in near current levels, any bounce attempt faces immediate confluence resistance at the EMA50; failure there keeps the path open toward the lower band at $1994.24 before meaningful relief can develop.