Whale Withdraws $52.84M Worth of Ethereum from Coinbase Prime

A significant withdrawal of Ethereum (ETH) has been recorded from Coinbase Prime. According to on-chain data, a whale withdrew 30.01K ETH worth $52.84 million into a fresh wallet. This large outflow occurred as the price of ETH sits at $1778, with the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) indicating neutral momentum.

The MACD death cross on the 4-hour chart signals weakening momentum, while the RSI remains at a level that leaves room for continuation. This has led to ETH price prediction models incorporating this large outflow, with traders refining their models and watching broader crypto market crash signals.