Aave Whale: Borrows $128M for 78K ETH at 3x

Aave whale doubled down on the dip, borrowing another $28 million USDT to purchase ETH when price touched $1,505 and pushing total leverage to 3x after pulling $128 million USDT from the protocol in 36 hours for 78,060 ETH at $1,645 average cost.

Two active positions now sit with liquidation thresholds at $1,356 and $1,280 while the address stack totals 133,800 ETH valued near $212 million, already showing roughly $6 million unrealized loss from earlier entries around $1,681.

Price action on the 4h chart shows ETH trading at $1,585.29 inside the Bollinger band with upper resistance at $1,940.50 and lower support at $1,501.47; the bearish EMA50 at $1,837.53 and EMA200 at $2,073.14 act as concrete overhead resistance while RSI at 21.51 signals oversold exhaustion and MACD death cross at -94.15 confirms momentum remains negative, suggesting any bounce attempt will likely stall before testing the 50-EMA confluence zone.