7 Siblings: Borrows $60M to Buy 32,919 ETH at $1,762

7 Siblings wallet 0x466a682931825f320f0327f65ed1607939f57501 borrowed $60M and scooped 32,919 ETH at $1,762 while leaving $2M in open buy orders. A separate dormant whale 0x293a8eb05d46056dbf598de33aaec8eb052a9b9a sold 10,000 ETH for $17.72M USDC at $1,772 after three years of inactivity.

ETH trades at $1770.44 inside its 4-hour Bollinger Bands with upper resistance at $2025.69 and lower support at $1688.53. The EMA50 at $1929.34 and EMA200 at $2110.91 both act as overhead resistance in the prevailing bearish structure while RSI at 28.71 signals oversold conditions and MACD at -58.94 confirms the death cross. Price action near current levels suggests a potential bounce off the lower band before any test of the 50-EMA confluence zone.