Hyperliquid: Whale Launches $4.37M ETH TWAP Buy

Hyperliquid recorded a whale deposit of $4.2M USDC that triggered a $4.37M ETH TWAP order targeting 2,432 ETH near $1,795 average price, already 43% complete with 1,046 ETH acquired. The address 0xe2321c8324c1da7b3ba790627d0e4ee444188a23 shows an $18.77M account and +$398K lifetime PnL.

Price action on the 4h chart sits at $1796.63 inside the Bollinger band with upper resistance at $1807.56. The EMA50 at $1741.75 and EMA200 at $1745.55 act as layered support while MACD golden cross at 7.64 confirms trend strength and RSI at 61.01 leaves room before overbought conditions. A test of upper band resistance could prompt a measured pullback toward the 50-EMA confluence before continuation.