Whales: ETH Accumulation Continues as Ratio Breaks 0.03

UBTC-to-ETH whales kept buying despite the ETH/BTC ratio dropping below 0.03 for the first time since the August 19 rally start, according to @ai_9684xtpa. One address converted 837.78 UBTC into 27,501 ETH worth more than $69.78 million at 0.03046; a second address swapped BTC for 16,704.47 ETH at an average $2,541.89.

Price sits at $2,465.36 inside the Bollinger band with upper resistance at $2,569.56 and lower support at $2,454.61. The bearish structure remains intact as price trades below both EMA50 at $2,556.78 and EMA200 at $2,577.04 while MACD prints a death cross at -15.02. RSI at 36.19 offers neutral momentum, so any bounce toward the upper band faces immediate selling pressure from the 50-EMA confluence before the next leg lower.