Ethereum OG wallet that dumped 60,000 ETH and 9,442 wstETH near $2,040 last week reversed course, spending $55.8 million to acquire 35,723 ETH at an average $1,563 over the past two days.

Price action now trades at $1,583.38 inside the Bollinger Bands with upper resistance at $1,864.88 and lower support at $1,461.18. The 4h structure remains bearish as price sits below both EMA50 at $1,796.74 and EMA200 at $2,053.24, yet RSI(14) at 26.59 signals oversold conditions while MACD prints a bullish golden cross at -86.74, creating confluence for a potential relief rally toward the 50-EMA before any deeper test of lower band support.

Traders tracking ETH price prediction models will watch whether this whale accumulation alters near-term flows amid broader crypto market volatility.