ETH: Pension-usdt.eth 3x Short Hits $14M Profit

ETH trading below $1600 has pushed the 3x short held by pension-usdt.eth to more than $14M in unrealized gains on Hypurrscan data. The wallet entered the leveraged position earlier this year and continues to ride the downtrend that began after the EMA50 at $1860 flipped to resistance. On the 4h chart price sits inside the Bollinger Bands with lower support at $1545 while RSI at 19.31 prints deeply oversold and MACD maintains its death cross below zero, confirming the short remains aligned with institutional selling pressure. Leveraged ETH trading desks note that any bounce toward the upper band at $1952 would likely trigger partial profit-taking before the next leg lower, keeping the position firmly in profit territory for now.