Machi: Closes Bulk of 25x ETH Long, Losses Near $33M

Machi closed most of his 25x ETH long during the market drop and suffered another partial liquidation, pushing total losses toward $33M while retaining 1,700 ETH just $23 from the next trigger.

Price action on the 4h chart shows ETH at $2113.21 testing the upper Bollinger Band resistance at $2157.73 against the bearish structure defined by EMA50 at $2130.81 and EMA200 at $2219.73. The MACD golden cross at -3.97 offers a modest bullish signal yet neutral RSI at 51.43 limits follow-through, favoring a retracement toward the lower band support at $2031.18 before any sustained move higher in ongoing Ethereum liquidation analysis and crypto market crash conditions.