ETH Trader: $6.55M Profit From Timed Long

ETH trader opened a 20,000 ETH long position at $1936 worth $38.72 million and booked $6.55 million in profits after the price ran straight to $2300.

Price now sits at $2263.72 against EMA50 support at $1939.15 and EMA200 at $1884.45. With the market testing upper Bollinger resistance at $2195 and RSI(14) at 93.15 flashing overbought, a retracement to the 50-EMA looks probable before the next leg higher. MACD golden cross at 70.11 keeps the broader bullish structure intact.