Patricio Worthalter: Deposits Another 10K ETH to Gemini

Patricio Worthalter sent another 10,000 ETH ($25.05 million) to Gemini half an hour ago, extending his suspected selling streak that began on October 4. On-chain records show he has now moved tokens valued at $45.85 million in total, leaving 40,957 ETH in the wallet after earlier deposits of 4,000 ETH six days prior.

ETH trades at $2514.34 inside the Bollinger Bands on the 4-hour chart, with the upper band at $2568.08 acting as immediate resistance while the lower band at $2467.82 offers short-term support. Price sits below both the EMA50 at $2548.4 and EMA200 at $2572.37, confirming the bearish trend structure, yet the MACD golden cross at -8.85 signals building momentum. RSI at 48.33 remains neutral, so a test of the upper Bollinger resistance near $2568 could trigger a healthy pullback toward the EMA50 before any sustained move higher.