Lookonchain flagged whale 0x1be4 borrowing another 35,000 ETH ($59.2M) from Aave and routing it straight to Binance in the past 48 hours, extending a pattern of on-chain ETH whale movements that often precede heavy selling pressure.

ETH price sits at $1669.1 inside the Bollinger Bands with the upper band at $1731.5 capping upside while the 50-EMA at $1747.12 and 200-EMA at $2012.06 define the bearish structure above; RSI at 47.33 stays neutral and the MACD golden cross at -13.91 hints at fading downside momentum, yet repeated Aave borrowing to fund Binance deposits keeps ETH short selling patterns in focus for traders watching on-chain DeFi lending signals.