Whale Buys $5M ETH at $2,322

A prominent crypto whale, identified as address 0xc79b6416bd17446f930d32a7b78cf60d35a12be7, just dropped $5 million USDC to scoop up 2,153 ETH at an average price of $2,322 about two hours ago, signaling strong accumulation in the Ethereum market.

This move aligns with recent whale activities over the past six months, where large holders have ramped up ETH positions during dips, reminiscent of the buildup before the mid-2025 rally that pushed ETH toward new highs amid growing DeFi adoption and Bitcoin's parallel surge.

From a technical confluence perspective, ETH trades at $2,358.59 in a clear bullish structure, hugging the upper Bollinger Band resistance near $2,371.65 while the MACD confirms a golden cross with a reading of 7.69, pointing to sustained upward momentum. Price sits comfortably above the EMA50 at $2,329.12 and EMA200 at $2,273.15, acting as robust support layers, though the neutral RSI at 59.52 suggests room for consolidation before testing that upper band exhaustion—watch for a quick pullback to the lower band support around $2,268.82 if volatility spikes, potentially setting up fresh longs in this ETH price prediction cycle. This whale's bet could amplify BTC correlations, especially with holdings in cbBTC mirroring Bitcoin's hype in the current market.