Hyperliquid: Largest ETH Long Now Down $10M

Hyperliquid's biggest ETH bull just watched an 114000 ETH long worth $259 million swing from $13 million unrealized profit to $10 million unrealized loss after opening the core position near $2270 at the end of April and adding twice more for an average cost of $2268.

With ETH price now at $2175.21 the 4-hour chart shows a bearish structure where price sits inside the Bollinger Bands and presses the lower support at $2150.58 while RSI at 29.16 flashes oversold and MACD prints a clear death cross below zero; this confluence points to short-term exhaustion that could trigger a relief rally toward the EMA50 at $2264.88 before any deeper move lower, a setup that also shapes near-term ETH price prediction models and highlights ongoing crypto market volatility tied to Bitcoin flows.