Lookonchain: Whale Liquidated 28,716 ETH but Holds Longs

Lookonchain flagged a whale that took a $69.69M hit when 28,716 ETH positions were wiped out during the latest crypto market crash.

The same address immediately rebuilt exposure and now sits long 78,955 ETH valued at $195.57M, with fresh liquidation triggers at $2,299.09 and $2,286.28.

On the 4h chart ETH prints at $2480.5 inside the Bollinger bands, pressing toward lower support at $2414.81 while RSI(14) sits at 28.01 oversold and MACD registers a death cross at -57.5; this confluence points to a short-term relief bounce off the lower band before any retest of the updated liquidation zone, sharpening near-term ETH price prediction scenarios for institutional desks.