Lookonchain: Whale 0x9EcA Buys 16,658 ETH

Lookonchain flagged aggressive accumulation as whale 0x9EcA deployed 37.96 million USDC to purchase 16,658 ETH at an average of $2,279 in the last two hours.

ETH trades at $2291.06 on the 4h chart inside a bearish structure defined by EMA50 at $2304.62 and EMA200 at $2436.54. Price has pushed above the upper Bollinger Band at $2286.09 while RSI sits neutral at 54.19 and MACD registers a bullish golden cross at -9.47. The move shows short-term volatility exhaustion against longer-term resistance, with the lower band at $2221.26 acting as the next measurable support if momentum stalls.