US Government: Deposits 5939 ETH Into Coinbase Prime
US Government wallet sends 5939 ETH worth $11.15M to Coinbase Prime as ETH trades at $1875.88 amid bullish 4h structure.
SourceAnalysis
US Government wallets moved another 5939 ETH ($11.15M) into Coinbase Prime today, extending the recent pattern of large transfers that also included 3941 BTC ($244M) and 30007 ETH ($53.09M) over the past eight hours. On the 4h chart ETH sits at $1875.88 inside a bullish trend with EMA50 at $1781.25 and EMA200 at $1754.05 acting as concrete support; price is testing the upper Bollinger Band at $1862.74 while RSI(14) prints 71.92 overbought and MACD shows a golden cross at 13.49, pointing to a probable healthy retracement toward the 50-EMA before continuation. Traders watching ETH price prediction models now factor these government flows into near-term supply pressure scenarios that could echo the crypto market crash volatility seen in the last twelve months.
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