Lookonchain: OTC Whale 0x8c58 Sells Final 9,996 ETH
Lookonchain reports OTC whale 0x8c58 sold its remaining 9,996 ETH worth $25 million seven hours ago after buying 52,001 ETH at an average $2,162 and selling at an average $2,632 for a $24.48 million profit.
SourceAnalysis
Lookonchain flagged that OTC whale 0x8c58 sold its last 9,996 ETH ($25M) seven hours ago. The address accumulated 52,001 ETH ($112.4M) at an average $2,162 and exited the full position at an average $2,632, locking in $24.48M profit.
Price sits at $2507.3 beneath the EMA50 at $2548.13 and EMA200 at $2572.3, confirming the bearish structure on the 4h chart. The MACD golden cross at -9.41 still supplies bullish momentum while RSI at 46.87 remains neutral. With ETH inside the Bollinger bands, the upper resistance at $2567.93 caps near-term upside and the lower support at $2467.27 marks the next downside target if further whale selling hits the tape.
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