Lookonchain: Trader Sells 3128 ETH at 40% Loss

Lookonchain tracked a trader who bought 3,128 ETH for $5.95M six months ago and now faces a $3.87M loss at -40%, prompting a full deposit to Coinbase for liquidation.

Price action on the 4h chart shows ETH at $1906.07 holding above the EMA50 support at $1899.81 inside a bullish structure, yet the MACD death cross at 3.04 and neutral RSI of 49.63 warn of exhaustion near upper Bollinger resistance at $1972.37, suggesting a pullback toward the lower band at $1863.41 before any continuation. Ethereum whale capitulation at 40% losses patterns and on-chain tracking of large ETH deposits to Coinbase continue to shape ETH price prediction models amid ongoing market flows.