Whale Sells 8,250 ETH After 4.5-Year Hold

Whale address 0xCbE36050a50E3d3e6077494f4d9Ad81Ec3A6E7d4 offloaded its entire 8,250 ETH stack one hour ago, transferring the tokens to Coinhako exchange at $2,758 after acquiring them at $2,202 via Binance in early 2022.

The move delivered a $4.58 million realized gain, or 25 percent, on a position held through multiple market cycles.

Price action on the 4h chart shows ETH at $2,735.99 sitting inside the Bollinger Bands with upper resistance at $2,835.4 while the 50-EMA at $2,627.17 and 200-EMA at $2,424.18 continue to anchor the bullish structure; the neutral RSI at 61.24 paired with the MACD death cross at 46.79 points to a probable retracement toward the 50-EMA support before any sustained push higher.