Ethereum Whale: Borrows $10M to Buy 5,817 ETH

Ethereum ICO whale active on Aave and Spark borrowed $10M USDe two hours ago to purchase 5,817 ETH at $1,719 while maintaining a $253M ETH position collateralized for $276M in stablecoins at a $1,432 liquidation level.

With price at $1721.53 testing upper Bollinger resistance at $1719.92 alongside a MACD golden cross at 11.72, the structure holds above EMA50 support of $1690.5 yet the whale's fresh leverage signals near-term distribution risk before any continuation higher.