Ethereum Trader: 2.25M Gain Flips to 200K Loss

Ethereum trader bought 5000 ETH at $2000 on March 13 for a two-month swing that peaked with 2.25 million dollars in paper gains at $2449.6 before depositing the position into Kraken at $1960.

The address 0x2d8…Cb4d6 now faces a 200000 dollar realized loss after the entire run evaporated.

Price action on the 4h chart shows ETH trading inside Bollinger Bands with upper resistance at 2045.1 while the EMA50 at 2036.14 and EMA200 at 2159.3 define the bearish structure; RSI at 45.51 stays neutral and MACD registers a bullish golden cross at minus 11.73, pointing to a likely test of lower band support near 1973.67 before any sustained recovery.