Machi: Largest On-Chain ETH Bull Holds $100M Position

Machi remains the largest on-chain ETH bull with 41,000 ETH ($100.01M) plus 75,000 HYPE ($6.03M) and 45 bitcoin:native ($3.5M) in wallet 0x020cA66C30beC2c4Fe3861a94E4DB4A498A35872, even after trimming part of the long at a $1.96M loss seven hours ago.

Price sits at $2438.72 inside the Bollinger band with upper resistance at $2532.16 and lower support at $2423.82; the EMA50 at $2403.33 continues to anchor the bullish structure above the EMA200 at $2126.71, yet the MACD death cross at 6.34 and neutral RSI of 44.46 signal short-term momentum fatigue that could pull ETH price prediction toward the 50-EMA before any continuation higher amid ongoing crypto whale activity.