F2Pool: Wang Chun Unwinds ETH Leverage on Spark

F2Pool co-founder Wang Chun reduced leverage during the recent three-day ETH rally by sending 12,765 ETH worth $28.73 million to Binance and withdrawing 87.68 million USDC to close a Spark DeFi loan. The address still holds 65,000 ETH valued at $159 million plus 1,000 WBTC at $77.18 million.

Price sits at $2421.03 inside the Bollinger band with upper resistance at $2532.75. RSI at 70.41 signals overbought conditions while MACD prints a death cross at 102.82. With price testing upper Bollinger resistance while RSI flashes overbought, a healthy retracement to the 50-EMA support at $2175.04 looks probable before further continuation. ETH price prediction models now hinge on whether that EMA50 holds or yields to broader crypto market pressure.