58bro.eth: Sells 8000 ETH After Aave Redemption

58bro.eth sold 8000 ETH in the past hour after redeeming more than $17.96 million worth from Aave, routing the funds in batches to OKX and withdrawing 10.5 million USDT to service debt; the address still holds 4911.05 WETH collateral against 2.51 million USDT borrowed with a health factor of 3.69.

ETH trades at $2253.05 inside the Bollinger band with lower support at $2247.42 and upper resistance at $2406.87; the EMA50 at $2350.09 and EMA200 at $2461.34 define the bearish structure while MACD at -21.16 confirms the death cross and RSI at 37.12 shows neutral momentum, so the fresh supply from the 58bro.eth exit adds immediate downside pressure toward the lower band before any relief toward the 50-EMA.