Joseph Lubin: Moves 80,000 ETH to MakerDAO

Joseph Lubin, Ethereum co-founder and Consensys founder, moved 80,000 ETH valued at $123.5M into two wallets and supplied the collateral directly to MakerDAO to lower liquidation risk on his existing $209.26M DAI loan.

Price action on the 4h chart shows ETH trading at $1560.72 inside the Bollinger Bands with the lower band at $1515.34 acting as immediate support while the upper band at $1949.46 remains distant resistance; the RSI at 15.64 signals deep oversold conditions yet the MACD death cross and price sitting below both the EMA50 at $1847.25 and EMA200 at $2077.71 confirm the broader bearish structure remains intact.