Machibigbrother: ETH Roll Trade Drops to $1M

Machibigbrother turned $150,000 into $12.3 million in August by rolling leveraged longs on ETH from $1,900 to $2,500, then watched the entire gain evaporate in September's $2,400-$2,600 range, leaving just $1 million. The same rolling strategy that captured the rally now forces repeated stops at maximum leverage, exposing the classic risks of rolling leveraged ETH perpetuals positions. ETH currently trades at $2,401.09 inside the Bollinger band with lower support at $2,400.2; the bearish death cross on MACD and price sitting below the EMA50 at $2,481.23 point to immediate downside pressure that could wipe the final million on any further drop of a few hundred dollars.