Hyperliquid: ETH Whale Adds $11M Margin on $58M Loss

Hyperliquid largest ETH long trader added another $11M USDC margin after the position opened at $2261 average on 120000 ETH now shows $58M floating loss.

Price action accelerated lower from yesterday morning levels leaving the $271M notional exposure roughly $250 above the adjusted liquidation zone at $1506.

With ETH price at $1759 the 4h chart displays clear bearish structure as price trades inside the lower Bollinger Band near $1757.68 support while EMA50 at $1970.28 and EMA200 at $2129.82 act as overhead resistance; RSI at 22.85 signals oversold conditions yet MACD death cross at -57.01 confirms sustained downside momentum suggesting any relief rally may stall before testing the 50-EMA confluence zone.