A veteran Ethereum whale from 2017, address 0xeadc152ac1014ace57c6b353f89adf5faffe9d55, dumped 23,924 ETH at an average price of $1888.71, netting $45.18 million over the past 10 hours. This move liquidated holdings accumulated over years: 19,000 ETH bought back in 2017 at a dirt-cheap $357 cost basis, plus 7,038 ETH withdrawn from exchanges between December 2023 and April 2024 at $2709.43. Right after the spot sell-off, the whale funneled 15.998 million USDC into Hyperliquid, setting up limit buy orders for BTC, ETH, and HYPE longs at lower entry points.

Whale's Aggressive Positioning

Currently, this OG holds 42 altcoin positions worth $49.6 million, with 40 longs and just shorts on VVV and MON, sitting on $6.22 million in floating losses. Overall portfolio on Hyperliquid stands at $56.18 million, mostly longs, with $6.462 million unrealized red. Cumulative losses on the platform? A brutal $14.94 million. This whale's history screams high-risk plays, blending spot cuts with leveraged bets on perpetual futures trading, eyeing an ETH price prediction rebound amid volatile crypto market crash signals.

Technical Confluence on ETH 4H Chart

Price action on ETH's 4-hour chart screams bullish resilience as it grinds at $2327.53, well above the EMA50 support at $2231.62 and the deeper EMA200 floor at $2134.23. The MACD golden cross at 37.0 fuels upward momentum, but with RSI neutral at 60.37 and price hugging the upper Bollinger band resistance near $2420.92, we're eyeing confluence for a tactical pullback—likely testing that EMA50 before bulls reload for continuation, especially if Bitcoin and viral plays like HYPE or MON stabilize. Lower band support at $2114.84 acts as the volatility exhaustion zone, keeping the macro trend intact without overbought hysteria derailing the setup.