Lookonchain: Trader 0x15a4 Flips to 20x ETH Short

Lookonchain flagged that trader 0x15a4 exited four-month longs in 1,000 BTC ($78.18M) and 10,000 ETH ($22.35M), locking in more than $20M before immediately opening a 20x short on 13,000 ETH ($29M).

ETH trades at $2229.25 inside the Bollinger band with lower support at $2228.05 and upper resistance at $2415.96. The 50-EMA at $2344.71 and 200-EMA at $2459.29 define the bearish structure while the MACD death cross at -26.64 confirms trend strength to the downside and RSI at 32.74 leaves room before oversold conditions. Price hugging the lower band amid the death cross suggests the short may target a quick extension toward $2228 before any relief bounce to the 50-EMA.