ETH Trader: Bags $2.14M Profit on $29M Long

Dedicated ETH bull trader 麻吉 finally catches a break as ETH rockets 8% in a single day, pushing his relentless $29 million long position into $2.14 million floating profits from an entry at $2,195 to current levels around $2,365. This die-hard long roller, who never skipped a day compounding bets on Hyperliquid, claws back some losses amid broader crypto market volatility, echoing recent Bitcoin (BTC) hype that could signal wider altcoin rallies and influence ETH price prediction models.

Zooming into the 4-hour ETH chart, price action holds firm in a bullish structure with the EMA50 at $2235.7 acting as immediate support and the EMA200 at $2136.81 reinforcing longer-term floors, while MACD flashes a golden cross at 36.22 confirming upward momentum. RSI sits neutral at 61.33, but with ETH trading inside Bollinger Bands—upper resistance at $2426.22 testing exhaustion and lower support at $2114.52 offering a safety net—a confluence points to potential consolidation here before buyers target fresh highs, especially if volatility squeezes align with macro crypto market crash avoidance signals.