ETH Whale: Closes Short for $190K Profit

ETH whale closed a slice of its short bet after selling 35,000 ETH at a $1,672 average between June 8-9, using 132 million stablecoins as collateral.

The trader withdrew 7,000 ETH from Binance two hours ago, repaid the Aave loan and locked in $190,000 profit on that tranche while 28,000 ETH remain open.

ETH price action on the 4h chart shows price at $1,642 inside the Bollinger Bands with upper resistance at $1,722.98 and lower support at $1,581.41. The 50-EMA at $1,727.13 and 200-EMA at $1,992.56 continue to cap upside while RSI at 43.43 stays neutral and MACD prints a bullish golden cross at -13.02. With price testing upper Bollinger resistance at $1,722.98 while RSI flashes neutral, a healthy retracement to the 50-EMA support at $1,727.13 seems probable before further continuation. ETH technical analysis and crypto whale movements remain key drivers for near-term direction.