HyperliquidX: Whale Loses $3.39M on $108M ETH Long

HyperliquidX recorded a newly created wallet opening a 45.09K ETH (~$108.71M) long at 8x leverage that now sits $3.39M underwater with liquidation at $2,251.2.

Price action on the 4h chart shows ETH at $2416.08 inside the Bollinger band with upper resistance at $2517.45 and lower support at $2402.81; the EMA50 at $2421.68 caps upside while the EMA200 at $2165.1 remains the deeper floor, and the MACD death cross at -3.36 plus RSI at 40.62 keeps the structure bearish, suggesting any bounce toward the upper band will likely stall before a test of the 50-EMA confluence.