Machi: Sells Bored Ape at Loss to Fund ETH Long

Machi sold Bored Ape #6801 for 8.61 ETH after buying it three years ago at 23.5 ETH, booking a 14.89 ETH loss worth $28K to raise margin for his leveraged long. ETH price action at $1866.87 shows the asset testing lower Bollinger support near $1873.52 while EMA50 resistance at $1885.21 caps upside and the MACD death cross at -0.57 keeps the bearish structure intact; RSI at 38.58 offers no oversold relief, so any ETH price prediction must account for further downside pressure before a bounce to the EMA200 level at $1791.73.