Whale: Sells 1,312 BTC for 43,275 ETH

Whale activity tracked by @EmberCN shows continued rotation out of BTC into ETH. The address cluster sold another 237.8 BTC for 19.7 million USDC in the last 24 hours and purchased 7,929 ETH, bringing the four-day total to 1,312.1 BTC sold and 43,275 ETH acquired.

The average entry price sits at $2,521, leaving the position with a $4.15 million unrealized loss at current levels. Funds moved from Bitcoin chain withdrawals at HTX through Hyperliquid into USDC, then bridged via Arbitrum to Ethereum for the spot purchases.

On the 4h chart, ETH trades at $2,418.11 inside the Bollinger Bands with the lower band at $2,408.74 acting as immediate support. Price remains below both the EMA50 at $2,527.33 and EMA200 at $2,564.35 while the MACD death cross at -25.77 keeps the structure bearish; RSI at 32.75 shows neutral momentum but leaves room for further downside before any relief bounce to the 50-EMA resistance zone.