Machi: Loses $8.44M on ETH Long Position

Machi has lost $8.44M in one week, pushing his account value below $1M while holding a 9,950 ETH long valued at $24.68M with liquidation now at $2,431.59.

ETH price prediction models must account for the current bearish structure where price at $2,480.59 sits below EMA50 resistance at $2,630.63 and EMA200 at $2,599, with RSI at 28.03 flashing oversold near lower Bollinger support of $2,414.83 while MACD death cross at -57.49 reinforces downside pressure during the crypto market crash.