Lookonchain: Pension-usdt.eth Books $4.35M on ETH Short

Lookonchain flagged that pension-usdt.eth opened a 50,000 ETH short worth $82.36M two days ago and now sits on $4.35M unrealized profit after the position moved in its favor.

Price action on the 4h chart shows ETH at $1652.59 testing the lower Bollinger Band support at $1679.68 while the EMA50 at $1724.65 and EMA200 at $1859.74 cap any bounce; the MACD death cross at -7.77 and RSI at 33 confirm sustained bearish momentum that favors continuation of the short bias until a reclaim of the upper band at $1775.55 occurs.