ETH: Trader Buys 3845 ETH at $2074 After $277k Loss

ETH trader re-entered with 3845 ETH valued at $7.97 million at $2074 after closing a prior position at $2314 for a $277000 loss.

The same address accumulated 4386 ETH on May 5 at $2377 before exiting early. Ethereum whale activity like this highlights repeated attempts at position sizing during dips.

Price sits at $2099.99 inside the Bollinger band with upper resistance at $2159.81. EMA50 at $2130.89 and EMA200 at $2220.2 define the bearish structure while RSI at 47.78 stays neutral and MACD registers a bullish golden cross at -6.55. With price testing upper Bollinger resistance while the 50-EMA caps upside a healthy retracement toward that EMA50 support appears probable before continuation.