ETH Whale: Opens $38.7M 4x Long at $1936

ETH whale address 0xedcdcaa1f18350c50c10bef860e64daa9785d05a opened a 20,000 ETH 4x long position worth $38.71 million at an average entry of $1936, posting $9.67 million in margin at full 100.3% utilization.

Price trades at $1932.27 inside the Bollinger band with upper resistance at $1934.53 and lower support at $1875.03; the 50-EMA at $1898.85 and 200-EMA at $1871.79 act as layered supports while MACD golden cross at 9.17 keeps the bullish structure intact and RSI at 66.41 leaves room before overbought conditions.