Ethereum Trader: Closes $3.5M Losing Short at $1772

Ethereum trader 0xa2e81e888f4a757bbad012ea9b193e7ab93f1468 closed a 22,000 ETH short at $1772 after three days of losses, realizing a $3.5 million hit on the 18x position opened at $1613 and completing five consecutive losing trades that also included $3.2 million from prior longs.

With price at $1784.38 testing upper Bollinger resistance at $1820.82 while RSI(14) flashes overbought at 75.06 and MACD holds its golden cross, a healthy retracement toward the EMA50 support at $1663.23 appears probable before any continuation higher inside the bands.