Ethereum Whale: Closes 4386 ETH Short for $233K

Ethereum whale closed another 4386 ETH short on Aave, locking in $233000 profit while still short 23618.97 ETH at $1672 average after cumulative 11386 ETH closed for $423000 total gains.

Price sits at $1647.59 inside Bollinger Bands with upper resistance at $1709.39. The bearish structure holds as price trades below EMA50 at $1707.34 and far under EMA200 at $1972.78, yet MACD golden cross at -13.43 signals building momentum while RSI at 47.91 stays neutral. This setup favors a test of upper band resistance before any deeper retracement toward EMA50 support. ETH price prediction models and largest ETH short positions data both point to sustained pressure in the current cycle, separate from any crypto market crash signals.