ETH Whale: Extends Short Position by 9,000 ETH
ETH whale borrows 9,000 ETH from Aave to short on Binance, now holding 44,000 ETH short at $1,702 average with $3.08M unrealized loss.
SourceAnalysis
ETH whale 0x1be45fef92c4e2538fecd150757ed62b7b3757d7 borrowed another 9,000 ETH from Aave, deposited on Binance and withdrew 16.37 million USDT to add to the short.
The address now holds a 44,000 ETH short worth $78.89 million opened at an average price of $1,702 and sits $3.08 million underwater after the recent bounce.
Price action on the 4h chart shows ETH at $1,762.6 inside the Bollinger Bands with upper resistance at $1,831.96. The 50-EMA at $1,712.41 continues to act as immediate support while the 200-EMA at $1,905.59 caps upside; MACD golden cross at 32.54 keeps the broader structure bullish yet RSI at 58.46 leaves room before overbought conditions trigger a pullback to that 50-EMA level.
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