Major Ethereum whales and institutions unloaded hefty positions today, with wallets tied to Metalpha depositing 27,000 ETH valued at $62.78M into Binance, while whale address 0x8Ad4 moved 14,062 ETH worth $32.82M to the exchange just an hour prior, per on-chain tracker Lookonchain. This aggressive selling echoes the crypto market crash vibes from last quarter's downturn, where similar whale dumps preceded a 15% ETH slide, potentially pressuring prices as Bitcoin (BTC) hovers in correlated weakness.

On the 4h chart, ETH trades at $2307.49, grinding against the lower volatility band support at $2310.61 in a clear bearish structure, where the EMA50 at $2335.5 caps upside like a stubborn resistance lid while the EMA200 at $2268.0 lurks below as potential deeper support. MACD's death cross at -0.05 screams sustained downside momentum, yet RSI at 41.43 stays neutral, hinting at no immediate oversold bounce—expect a test of that EMA200 if selling persists, aligning with broader ETH price prediction models forecasting volatility amid fading hype around layer-2 scaling.