ETH: Trader Opens $100M 23x Short Position

ETH trader 0x50b3 just opened a 23x leveraged short worth $100.33M on 47,604 ETH with liquidation at $2149.84.

Price action at $2113.7 sits below both EMA50 at $2131.42 and EMA200 at $2220.34, confirming the bearish trend structure while MACD shows a bullish golden cross at -5.46. With price testing upper Bollinger resistance at $2161.01 and RSI neutral at 51.68, a healthy retracement toward the 50-EMA support at $2131.42 appears probable before any continuation lower. This aggressive short adds fuel to ongoing ETH price prediction debates and raises crypto market crash concerns if support breaks.