ETH: Whales Open $53.49M Opposing Leveraged Positions

ETH bulls and bears squared off as trader 0xe069 opened a 20x short on 30,000 ETH worth $53.49M while 0x7fba countered with a 10x long on the same size, both positions reported by @lookonchain. The short seller previously booked $444K profit across three winning long trades on BTC, ETH and SOL, whereas the long trader holds a 75% win rate and $3.1M total gains from eight closed positions. At the current price of $1780.53, ETH trades inside its Bollinger Bands with upper resistance at $1828.57 and lower support at $1769.64 while the EMA50 at $1770.29 and EMA200 at $1751.7 anchor the bullish structure; however the MACD death cross at 8.31 signals fading momentum even as RSI at 47.26 remains neutral, suggesting price may retest the 50-EMA support before any sustained move higher and this setup directly shapes near-term ETH price prediction and Ethereum leveraged positions amid broader crypto derivatives activity.