Whale 0x0340: Sells 5,000 ETH at $13.28M Loss

Whale 0x0340 offloaded 5,000 ETH worth $9.38M one hour ago, closing a position accumulated more than two years earlier at an average $3,219 per token for a realized $13.28M loss.

Price action on the 4h chart shows ETH at $1889.45 pressing against the EMA50 resistance at $1894.92 inside a bearish structure defined by the EMA200 at $1814.39, while the MACD death cross at 0.58 keeps downside momentum intact and RSI at 46.42 leaves room for further weakness before any bounce; with price still inside the Bollinger bands, the upper band at $1973.25 acts as short-term resistance and the lower band at $1835.42 as immediate support, suggesting a test of the 50-EMA level remains the next logical move for ETH price prediction models.