Arthur Hayes: Sells 2,364 ETH at $1,821 Loss

Arthur Hayes deposited 2,364.38 ETH into Cumberland and Galaxy Digital over two hours, converting the tokens into 4.3M USDC at an average price of $1,821 and locking in a $241K loss.

The former BitMEX CEO had accumulated 7,213 ETH for $13.87M at roughly $1,923 earlier this month, leaving him down approximately $301K on the full position.

Price action on the 4h chart shows ETH trading inside the Bollinger Bands with the upper band at $1,943.34 acting as immediate resistance while the 50-EMA at $1,896.52 and 200-EMA at $1,828.35 define the bearish structure; with RSI at 39.11 and MACD printing a death cross at -9.96, a retest of the lower band near $1,855.29 remains the next high-probability move before any sustained recovery.