Joseph Lubin: Adds 110k ETH to Dodge Liquidation

Joseph Lubin likely controls three addresses that posted 412,430 ETH ($653 million) as collateral to borrow 259 million DAI, according to on-chain data shared by @ai_9684xtpa.

The Ethereum co-founder, who acquired 540,000 ETH at $0.31 during the 2015 ICO, added another 110,000 ETH during yesterday’s dip, pushing the position health ratio back above 1.48 and eliminating near-term liquidation risk.

With price testing upper Bollinger resistance at $1864 while RSI sits at 30.45, a healthy retracement to the 50-EMA support at $1797 appears probable before further continuation on the 4h chart.