A major Matrixport entity just liquidated its final 25,000 $ETH (20x) long position, banking a solid $17.32M profit after a 65-day hold that underscores smart positioning in volatile crypto markets.

This move follows the entity's three wallets dumping 1,150 $BTC and 95,000 $ETH longs for a hefty $48.19M gain, leaving it with a fresh 25,000 $ETH (20x) long in one wallet boasting $8.1M in floating profits—perfect timing as Bitcoin hype builds and ETH price prediction models signal upside amid recent macro shifts over the past six months.

Zooming into the 4-hour ETH chart, price action at $2355.07 rides a clear bullish wave with the EMA50 at $2256.11 acting as immediate support and the EMA200 at $2149.35 anchoring longer-term floors, while MACD's golden cross at 34.23 screams sustained momentum. RSI sits neutral at 61.48, avoiding overbought traps, but with price hugging the upper Bollinger band near $2450.85 resistance and lower support at $2161.21, expect a tactical pullback to that EMA50 level before bulls charge higher—classic confluence play in this crypto market environment where volatility exhaustion often precedes breakouts.