Machi: Trims ETH Long After $5M Weekly Loss

@lookonchain reported that Machi BigBrother cut losses on his ETH position, shedding over $5M in the past week and retaining only a 20,000 ETH long worth $47.98M with liquidation at $2,380.57.

Price action on the 4h chart shows ETH at $2,429.08 inside a bearish structure defined by the EMA50 at $2,490.97 acting as resistance and the EMA200 at $2,324.99 as deeper support, while MACD prints a death cross at -6.2 and RSI sits neutral at 36.91; with price testing the lower Bollinger band near $2,449.59, a swift breach would likely accelerate toward the liquidation cluster at $2,380.57 before any relief bounce materializes.