A major Ethereum whale just cashed out a leveraged long position, selling 12,402 ETH for a tidy profit of 400 ETH valued at $950,000. This trader borrowed 28 million USDT from Aave back in February to snap up 12,802 ETH at an average price of $2,187. With ETH rallying recently, he flipped most of it at $2,271 per token, repaying 28.16 million USDT and pocketing the difference. Moves like this highlight whale activity in crypto trading strategies, especially as Bitcoin (BTC) trends mirror ETH gains over the past six months.

Technical Confluence on ETH 4H Chart

ETH trades at $2,380.56, holding a bullish structure with price above both the EMA50 at $2,308.05 and EMA200 at $2,179.74, acting as firm long-term supports. Momentum sits neutral with RSI at 55.95, but MACD flashes a bearish death cross at 29.57, signaling potential exhaustion. Volatility squeezes inside Bollinger Bands, where price tests the upper resistance at $2,438.58 while lower support at $2,290.76 could draw a retracement. Confluence here points to a probable pullback to the EMA50 before resuming upside, aligning with broader ETH price prediction models amid crypto market volatility.