Satofishi: Stakes 37,400 ETH After Binance Withdrawals

Satofishi addresses pulled 54,500 ETH valued at $93.25 million from Binance over the past two weeks and locked 37,400 ETH worth $63.88 million into Ethereum staking, with the latest 9,719 ETH batch moved to Spark on June 20.

ETH price action shows a bearish structure on the 4h chart with price at $1704.66 sitting below the EMA50 at $1723.75 and far under the EMA200 at $1876.76. Momentum remains weak as the MACD prints a death cross at -10.51 while RSI at 44.73 offers no oversold relief. Price currently tests the upper Bollinger Band resistance near $1803.79, creating confluence that favors a retracement toward the lower band support at $1660.20 before any sustained recovery attempt.