ETH Whale: $1.66B Position Nears Liquidation

ETH whale who absorbed Trend Research's February exit now stares at forced selling on a 104773 ETH position worth $1.66 billion, just $15 from the $1565 liquidation line.

The address borrowed 134.8 million USDT on Aave to acquire 59715 ETH at $2257 four months ago and now holds the bag as price action grinds lower.

Price sits at $1594.9 inside the Bollinger band with upper resistance at $1972.75 and lower support at $1592.22 while EMA50 at $1883.42 and EMA200 at $2092.68 cap any rebound; RSI at 18.18 signals deep oversold conditions yet MACD death cross at -86.2 keeps the structure bearish, so a test of the lower band before relief appears probable.