Lookonchain: Whale Rotates $159M BTC into $155M ETH

Lookonchain tracked a mysterious whale that sold 246.25 BTC for $20.64M and immediately bought 8,286 ETH for $20.64M. Over 11 days the same address has offloaded 1,917.7 BTC worth $159M and accumulated 64,545 ETH worth $155M.

ETH trades at $2406.12 inside its Bollinger Bands with the upper band at $2504.93 acting as immediate resistance. The EMA50 at $2447.52 and EMA200 at $2512.92 both sit above price, confirming the bearish structure while the MACD death cross at 5.79 keeps momentum negative. A rejection at the upper band would likely send price toward the lower band support at $2364.96 before any sustained recovery attempt.