0x89da: Opens 25x Long on 18,587 ETH for $44.85M

0x89da opened a 25x long on 18,587 ETH ($44.85M) after seven months of inactivity.

ETH price sits at $2415.11 inside the Bollinger band with upper resistance at $2504.73 and lower support at $2400.06. The 4h structure remains bearish as price holds below EMA50 resistance at $2430.57 while EMA200 at $2196.54 marks the deeper floor. MACD death cross at -9.54 keeps momentum negative and RSI at 40.58 shows neutral conditions, pointing to a likely test of the lower band before any reversal attempt.