ETH Whale: Borrows 18,000 ETH to Short via Aave

Whale 0x1be4 borrowed 18,000 ETH worth $29.83 million from Aave in the past two days and deposited the tokens on Binance, signaling a direct short position.

Price sits at $1687.57 on the 4h chart inside a bearish structure defined by EMA50 resistance at $1755.32 and EMA200 at $2020.82. With the asset testing upper Bollinger resistance at $1712.99 while RSI holds neutral at 51.42 and MACD prints a bullish golden cross at -24.01, a healthy retracement toward the 50-EMA support remains the highest-probability path before any continuation lower.