An early Ethereum investor has moved 15,002 ETH worth about $31 million to Coinbase after years of inactivity. The transfer comes as Ethereum trades near $2,000, down 3.5% in 24 hours, sparking concerns that a long-term holder may be preparing to take profits.
The top of the triangle, near $4,900, acts as strong resistance. If ETH breaks above $4,900 and holds, it could rise toward $10,000 in the next few years.
If ETH falls below the trendline, around $2,100–$1,800, it could drop further to $1,200, which is the long-term support.
Right now, ETH is near the bottom of the triangle, making it a good risk/reward point for buyers. The overall trend is still bullish, as long as ETH stays above the rising trendline.
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