Despite Ethereum trading around $1,930, below the psychological $2,000 threshold, whales are demonstrating confidence. One wallet withdrew 40,000 ETH, approximately $76.6 million, from Binance in two separate transactions. These large withdrawals from centralized exchanges are typically viewed as a bullish signal, indicating investors prefer holding assets in private wallets rather than selling. Technically, ETH remains above its 50-day and 20-day moving averages, with RSI at 58, while the next resistance level sits at the 100-day moving average.
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