Lookonchain: OTC Whale Adds 15,000 ETH

Lookonchain reported that OTC whale 0x8c58 bought another 15,000 $ETH worth $41.26M today, lifting total holdings to 52,000 $ETH valued at $143.5M at current prices near $2751.

The address previously accumulated 37,000 $ETH at an average $1,922 over the past year and now sits on more than $30M in unrealized gains as ETH price prediction models factor in sustained institutional flows.

With price testing upper Bollinger resistance at $2828 while RSI at 68.55 stays neutral, a healthy retracement to the 50-EMA support at $2616 appears probable before further continuation, especially as crypto market crash fears linger from last quarter's volatility and AI industry impact on compute demand continues to shape macro narratives.