Machi: ETH Liquidation Losses Hit $35M

Machi suffered another partial liquidation on his 25x $ETH long, closed most of the trade and now sits on roughly $35M in realized losses while the broader market grinds lower. ETH trades at $1628.35 inside its Bollinger Bands with the upper band at $1711.76 acting as immediate resistance and the lower band at $1601.84 providing short-term support. The 50-EMA at $1719.54 continues to cap upside while the 200-EMA at $1985.77 remains the dominant long-term resistance; RSI at 41.42 stays neutral yet MACD has printed a bullish golden cross at -14.92, hinting at possible relief before the next leg down. Traders watching ETH price prediction models and crypto market crash scenarios note that price action near these levels often precedes sharp moves once volatility expands.