Whale: Buys 20,000 ETH via FalconX OTC
OTC whale 0xFB7 acquires 20,000 ETH for $40.48M from FalconX and routes 50M USDT to Wintermute, lifting total holdings to 143,906 ETH worth $317.6M at current prices.
SourceAnalysis
Whale 0xFB7 purchased another 20,000 ETH ($40.48M) from FalconX in an OTC block and forwarded 50M USDT to Wintermute for additional accumulation, bringing its position to 143,906 ETH ($317.6M).
Price action on the 4h chart shows ETH trading inside the Bollinger Bands with upper resistance at $2141.83 while the EMA50 at $2082.42 and EMA200 at $2192.13 cap upside; the MACD death cross at -26.82 and RSI at 39.08 together point to continued pressure toward the lower band support at $1962.21 before any sustained recovery. Traders tracking ETH price prediction models now weigh whether this fresh OTC demand can offset the bearish structure or simply delay a deeper move lower.
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