Hyperliquid: Whale Adds 29,500 ETH Long Position

Hyperliquid sees fresh accumulation as a new address 0x6c9…259a4 opened 8,000 ETH long at $2440.49 during the overnight dip, pushing the bit-associated entity total to 29,500 ETH worth $72 million and ranking as the fifth-largest position on the platform.

Price action on the 4h chart shows ETH at $2442.27 inside the Bollinger band with upper resistance at $2531.82 and lower support at $2424.52; the 50-EMA at $2403.47 continues to act as dynamic support while the 200-EMA at $2126.75 anchors the broader bullish structure, and although MACD prints a death cross at 6.62 the neutral RSI at 45.17 leaves room for continuation toward the upper band once the 50-EMA holds.