A Matrixport-linked whale, fresh off a $59 million profit haul, just fired up a massive 44,000 ETH ($100 million) long position, per Lookonchain data—fueling speculation on renewed Ethereum momentum as BTC hovers in uncertain territory.

Zooming into the 4-hour ETH chart, price action clings to $2292.8 amid a bearish trend where the EMA50 at $2311.3 acts as immediate overhead resistance, while the EMA200 at $2196.0 provides deeper support—confluence here screams caution as MACD flashes a death cross at -9.57, signaling weakening momentum with RSI neutral at 41.89. Volatility squeezes inside Bollinger Bands, testing the lower support at $2258.49, but a break above the upper resistance of $2446.08 could ignite that whale's bet, especially if broader crypto trading signals align with Ethereum whale activity and avoid a crypto market crash scenario.