MachiBigBrother: Sells Bored Ape to Fund ETH Position

MachiBigBrother withdrew just 1,540 USDC from Binance and sold Bored Ape #5715 for 8.3 ETH ($15,570) after purchasing it for 34.17 ETH three years ago to maintain his 2,800 ETH ($5.3M) long at a $1,863.08 liquidation price.

Price action on the 4h chart shows ETH trading at $1,887.65 inside the Bollinger Bands with upper resistance at $1,906.46 and lower support at $1,861.38. The EMA50 at $1,893.26 acts as immediate resistance while the EMA200 at $1,850.51 offers deeper support, and the neutral RSI at 48.65 combined with the MACD golden cross suggests limited momentum for an immediate break lower.

Traders watching ETH price prediction models note the position sits only $24 above liquidation, creating tight risk parameters as broader crypto market crash fears linger around leveraged long books.