Lookonchain: Whale Opens $58.8M ETH 20x Long

Lookonchain flagged an active ETH whale who first locked $1.2M in two hours on a long, added $594K shorting ETH, then opened a fresh 20x long on 36,097 ETH worth $58.8M with liquidation at $1,531.9. At the current $1630.41 price the position sits inside the Bollinger band between $1607.84 support and $1710 resistance while the EMA50 at $1706.67 caps upside and the EMA200 at $1972.61 marks major resistance; the MACD golden cross at -14.8 hints at short-term momentum yet RSI at 44.3 keeps the structure neutral inside the prevailing bearish trend, so any slide toward the lower band could quickly test the reported liquidation level before fresh continuation.