A prominent Ethereum whale, tracked as @0x58bro, just deposited 2,791 ETH valued at $6.64 million into Binance over the past 24 hours, pushing total monthly inflows to 3,811 ETH or $9.03 million. With onchain holdings now slashed to a mere 0.5 ETH, this trader maintains aggressive 25x leveraged shorts on ETH and 40x on BTC, racking up $33 million in profits via HyperLiquid—a move that echoes last quarter's whale dumps during volatile crypto market crash fears, potentially pressuring ETH price prediction models as Bitcoin dominance lingers.

On the 4-hour ETH chart, price action clings to a bullish structure with the EMA50 at $2329.53 acting as immediate support just below the current $2344.75 mark, while the EMA200 at $2224.74 anchors longer-term upside conviction. Momentum stays neutral via RSI(14) at 49.76, but the MACD(12,26) golden cross at 10.63 screams sustained bullish strength—yet with price trading inside Bollinger Bands, testing that upper resistance at $2413.73 could trigger exhaustion, setting up a tactical pullback to the lower support of $2261.4 before buyers reclaim control, especially if whale selling intensifies amid broader crypto short positions.