Technical analysis of ETH's price movement post-whale withdrawal on April 3, 2025, at 11:00 AM UTC, reveals a bearish trend. The ETH/USD pair on Binance dropped from $2,360 to $2,345 within the hour following the withdrawal, indicating immediate market reaction (Source: TradingView). The Relative Strength Index (RSI) for ETH/USD on a 1-hour chart stood at 45, suggesting a neutral to bearish momentum, while the Moving Average Convergence Divergence (MACD) showed a bearish crossover, further confirming the downward trend (Source: TradingView). The trading volume for ETH on Binance surged to 12,500 ETH in the hour post-withdrawal, a 15% increase from the previous hour's volume of 10,870 ETH, indicating heightened market interest and potential for increased volatility (Source: Binance). The ETH/BTC pair on Binance also experienced a volume increase of 5%, with 1,100 ETH traded against BTC, suggesting a shift in trading preferences towards Bitcoin (Source: Binance). On-chain metrics show a slight decrease in the number of active addresses by 2% over the past 24 hours, possibly reflecting a cautious approach among smaller investors in response to whale movements (Source: Glassnode).