ETH Whale: 20x Long Delivers $1.6M Profit

ETH whale 0xa2e81e888f4a757bbad012ea9b193e7ab93f1468 deposited 3 million USDC and opened a 36,826 ETH 20x long worth 61.13 million dollars at 1,620.6, locking in 1.608 million dollars profit within two hours once price reached 1,658.8.

The same address executed the trade at 19:53 UTC on 10 June 2026, highlighting how leveraged positioning in the current cycle continues to separate aggressive desks from cautious funds that have trimmed exposure over the past nine months.

Price action on the four-hour chart shows ETH trading inside the Bollinger Bands with upper resistance at 1,710.83 and lower support at 1,604.98 while the EMA50 at 1,716.35 and EMA200 at 1,982.53 define the broader bearish structure; despite the MACD golden cross at negative 14.49, the neutral RSI at 46.34 suggests momentum remains contained, so a test of the 50-EMA confluence zone before any sustained push higher appears the most probable path.