ETH Trader: $2.1M Loss on 18x Short Flip

0xa2e81e888f4a757bbad012ea9b193e7ab93f1468 flipped from longs to a 22,000 ETH 18x short worth $37.59 million at $1,613.1, now sitting on a $2.123 million floating loss at current levels near $1,710.8.

Price action shows the position testing upper Bollinger resistance at $1,714.46 with RSI(14) at 67.28, while the bullish EMA50 support at $1,624.72 and MACD golden cross remain intact, suggesting a probable retracement before any continuation higher.

Traders tracking ETH price prediction models and crypto market crash signals note this leveraged flip highlights persistent volatility in large positions.