A Matrixport-linked whale just closed another massive 89,001 ETH long position valued at $212.8 million, pocketing a solid $24.86 million in profits. This move follows his earlier unwind of 700 BTC and 6,000 ETH longs that netted $5.8 million, leaving him with a remaining 25,000 ETH long worth $58.5 million and $8.2 million in unrealized gains. Traders eye this ETH whale activity as potential signal for Ethereum profit taking in the ongoing bullish run, especially with Bitcoin hype influencing cross-asset flows and whispers of TAO integrations boosting layer-1 sentiment.

Zooming into the 4-hour ETH chart, price action screams controlled bullish momentum as it hovers at $2324.54, comfortably above the EMA50 at $2231.5 which acts as immediate support and the EMA200 at $2134.2 reinforcing the longer-term uptrend. MACD flashes a bullish golden cross with a reading of 36.76, signaling sustained buying pressure, while RSI at 59.96 stays neutral, avoiding overbought territory that could trigger sharp pullbacks. Volatility squeezes inside the Bollinger Bands, with upper resistance at $2420.53 capping upside exhaustion and lower support at $2114.93 providing a firm floor—confluence here points to a likely test of that upper band before any retracement to EMA50, aligning perfectly with broader crypto trading strategies and ETH price prediction models targeting $2500 if whale selling eases.