Matrixport Whale: Loses $46M on 120000 ETH Long

Matrixport-linked whale now sits $46M+ underwater on its 120000 ETH long valued at $224.5M while having already paid $1.78M in funding fees, with liquidation levels clustered at $1573.93, $1515.91, $1416.52 and $1355.83.

Price action on the 4h chart shows ETH trading at $1882.29 inside the Bollinger Bands with upper resistance at $2082.53 and lower support at $1843.22; the bearish EMA50 at $1999.47 and EMA200 at $2141.94 act as concrete overhead resistance while MACD at -39.83 confirms the death cross and RSI at 33.66 remains neutral, pointing to further downside pressure toward the lower band before any relief rally develops.