Lookonchain: Trader Locks $1.2M on 20x ETH Long

Lookonchain tracked a fresh wallet that deposited 3M USDC on HyperLiquid, opened a 20x long on 36,826 ETH worth $59.72M thirty minutes before the CPI release, and closed the position two hours later for a $1.2M gain with liquidation set at $1,571.30.

Price action on the 4h chart shows ETH at $1646.33 inside the Bollinger band, testing upper resistance at $1710.83 while the EMA50 at $1716.35 and EMA200 at $1982.53 define the bearish structure above; with RSI(14) neutral at 46.34 and MACD already printing a golden cross, the move higher stalled exactly at band resistance and triggered the healthy pullback toward the $1604.98 lower band that many ETH price prediction models now flag as the next tactical level before any broader crypto market crash scenario develops.