Hyperliquid Whale: Closes 56K ETH Longs
Hyperliquid's top ETH bull closes another 56,000 ETH, booking $21.21M profits on $227M positions amid bullish ETH price prediction trends.
SourceThe dominant long trader on Hyperliquid, dubbed the platform's biggest bull, just closed another 56,000 ETH positions, pushing his daily profit-taking to $227 million worth of longs including 1,050 BTC and 62,000 ETH, securing $21.21 million in realized gains. His remaining open longs sit at 58,000 ETH valued at $138 million, carrying $20.18 million in unrealized profits as ETH navigates volatile crypto market dynamics reminiscent of last quarter's BTC surges.
Zooming into the 4-hour ETH chart, price action holds firm in a bullish structure with the asset grinding above both the EMA50 at $2235.67 and EMA200 at $2136.8, signaling robust long-term support that could anchor any dips amid this Ethereum whale activity. Momentum builds via the MACD's golden cross at 36.17, yet the RSI at 61.24 stays neutral, hinting at room for upside before overbought territory kicks in; meanwhile, ETH trades snug inside Bollinger Bands, eyeing potential exhaustion at the upper resistance of $2426.13 which aligns with our ETH price prediction for a test higher, though a quick pullback to the lower support at $2114.54 wouldn't surprise if volatility spikes, much like recent crypto trading profits in the BTC arena.
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@EmberCNAnalyst about On-chain Analysis