Smart Money: Deposits 29K ETH to FalconX

Smart money wallet 0xd4584bf988c9e8994688b56484e2f74ceaeefb20 deposited $53.1 million in ETH to FalconX six hours ago, marking suspected profit-taking of 29,000 ETH for an estimated $1.564 million gain.

The tokens originated from a May 28 to June 5 withdrawal of 49,000 ETH at an average $1,777.17 from the same platform, while the address retains 128,000 ETH valued at $283 million.

Technical confluence on the 4h chart shows price at $1,774.36 testing upper Bollinger resistance near $1,826.50 with RSI at 61.22 remaining neutral and MACD holding a bullish golden cross at 33.92, suggesting a healthy retracement toward the EMA50 support at $1,710.18 before continuation.