Three whales buy ETH, ZEC and HYPE at Fibonacci support

Three large crypto wallets placed significant trades while daily charts for each token tested key Fibonacci retracement levels. On-chain records show a large ETH holder added spot exposure, a separate wallet opened a high-leverage ZEC position, and an address linked to a16z continued a multiweek HYPE accumulation.

A wallet holding about 131,000 ETH purchased 5,001 ETH at roughly $2,119, a trade valued at about $10.6 million. Blockchain settlement data show the order split across multiple trades on the CoW Protocol. Records also show the same address realized about $1.09 million in profit on a prior trade last month.

Ethereum has traded inside an ascending parallel channel since Feb. 6 and is testing the channel’s lower band, which aligns with the 0.236 Fibonacci retracement near $2,144. The daily Bollinger Band Width Percentile is expanding and the Relative Strength Index sits near 35. Technical levels on the daily chart include the 0.382 Fibonacci at $2,385 on the upside and support around $1,920 on a clear channel loss.

Wallet 0x8652 opened a 10x long on 36,875 ZEC, a position worth about $19.68 million executed over roughly three hours. The trade’s liquidation price is set near $494.55, about $39 below the 0.618 Fibonacci retracement at $533 that the chart currently holds as support. Zcash’s daily RSI is about 60 and volatility measures have contracted. If $533 holds, the next technical targets are the 0.786 retracement at $630 and $750; a failure would point to the 0.382 area near $400.

Wallet 0xb5E4, identified as linked to a16z, bought 372,000 HYPE over a recent three-hour span for about $16.91 million. Chain analytics show the address has accumulated roughly 2.11 million HYPE since April 14, valued near $90.87 million, with token flows moved from Bybit and OKX hot wallets into a separate holding address. HYPE is testing the 0.618 Fibonacci at $44.50 after a bounce off an ascending trendline from the year’s low. Immediate resistance sits near $50 and the all-time high is $59.30. Daily volume has been subdued while Bollinger Band width recently spiked; the RSI reads near 60.

On-chain data also show wallet 0x8652 running a 10x cross long on 89,200 HYPE with an entry around $45.67, placing two large positions for the week in a single trader’s book. Leveraged positions carry rapid liquidation risk if the charts breach their set invalidation levels. These records identify the specific price lines where the wallets added size while the charts tested Fibonacci support.