ETH Whale Deposits $13M to Sell

A prominent ETH whale, identified as "0xed4," dumped 5,532 ETH valued at $13 million into HyperLiquid over the past 24 hours to execute a sell-off. This move coincides with the whale closing its 20x leveraged ETH short position on HyperLiquid, yet it maintains a similar 20x short on Lighter, signaling mixed bets in a volatile market that echoes BTC whale maneuvers from last quarter's crypto market crash.

Zooming into the 4-hour ETH chart, price action holds firm in a bullish trend with the EMA50 at $2330.12 acting as immediate support and the EMA200 at $2244.96 reinforcing longer-term floors. Momentum builds as MACD flashes a golden cross at 6.61, pushing against neutral RSI at 60.46, while price probes the upper Bollinger band resistance at $2368.17—expect a tactical pullback to that EMA50 level before resuming upside, especially if Ethereum price movement aligns with broader ETH price prediction models eyeing $2500 targets amid ongoing crypto trading strategies.