Whale: Stakes $227M ETH After Gemini Withdrawal

Whale activity intensified as an address pulled another 9K ETH worth $16.87M from Gemini and staked the bulk of its 121K ETH position valued at $227M over the past month.

Price action on the 4h chart shows ETH trading at $1874.14 inside the Bollinger band with the EMA50 at $1899.55 acting as immediate resistance while the EMA200 at $1846.27 provides nearby support; the MACD death cross at -5.14 reinforces bearish momentum even as RSI at 35.32 remains neutral, suggesting any push toward the upper band at $1946.83 will likely face rejection before a test of the 50-EMA confluence zone.