Whale: Buys 15,216 ETH With $34.69M Kraken USDC

An address withdrew 34.69 million USDC from Kraken earlier today and deployed the full amount on-chain to acquire 15,216 ETH at an average price near $2,279.

Price currently sits at $2,271.8 inside the Bollinger Bands with upper resistance at $2,281.38. The 50-EMA at $2,303.86 and 200-EMA at $2,436.35 define the bearish structure overhead while RSI at 47.64 remains neutral and MACD has printed a golden cross. With price pressing the upper band after the large buy, a pullback toward the 50-EMA support appears the next logical step before any sustained move higher.