EmberCN: Whale Borrows $31M on Aave for 21,895 ETH

EmberCN flagged the largest leveraged ETH long among whales in recent months: a single address looped loans on Aave to borrow 31 million USDC and bought 21,895 ETH at roughly $2,495 per token for a total outlay of $54.63 million, with liquidation triggered only at $1,660.

Price action on the 4h chart shows ETH trading at $2,357.04 inside the Bollinger bands, pressing against the upper band resistance at $2,371.74 while the EMA50 at $2,372.7 acts as immediate overhead supply and the EMA200 at $2,475.82 caps any recovery. The neutral RSI at 52.34 combined with the MACD golden cross at -9.57 suggests short-term momentum is attempting to stabilize, yet the broader bearish structure keeps rallies capped; a rejection here would likely target the lower band support at $2,300.79 before any deeper move toward the distant liquidation zone at $1,660.