ETH Whale: Opens Short Position After Dormancy

A whale, inactive for six months, just deposited $3.117M in USDC to HyperLiquid and fired off orders to short ETH in the $2,530 to $2,670 range, signaling potential downside bets as BTC hype builds in the crypto market crash watch.

Zooming into the 4-hour ETH chart, price action clings to a bullish structure with the EMA50 at $2322.91 acting as immediate support and the EMA200 at $2262.98 providing deeper confluence for buyers. Momentum holds neutral at RSI 58.95, while MACD flashes a golden cross at 19.13, pushing bullish continuation—yet with price trading inside Bollinger Bands, testing upper resistance at $2394.22, we eye a tactical pullback to that EMA50 level before resuming upside, especially if whale shorts pressure the ETH price prediction amid broader crypto whale activity.