Machi: Liquidated $2.44M ETH on Hyperliquid

Machi suffered two ETH liquidations on Hyperliquid three hours ago that erased roughly $2.44M in positions while the trader's address 0x020CA66C30bEC2C4Fe3861A94E4Db4A498A35872 retains a 2,336 ETH long worth $4.36M now sitting $68K underwater and 1.1% from further liquidation with lifetime PnL at -$36.64M and -$1.17M over the past 30 days.

Price action on the 4h chart shows ETH at $1869.98 inside a bearish structure with EMA50 at $1896.07 acting as resistance above EMA200 support at $1846.73 while MACD prints a death cross at -9.05 and RSI at 40.18 leaves room for downside before the next move with price testing upper Bollinger resistance at $1947.93 suggesting any bounce will likely retrace toward the 50-EMA before continuation.