New Wallet: Opens 20x Short on 23K ETH

New wallet 0xa2e81e888f4a757bbad012ea9b193e7ab93f1468 opened a 20x perpetual short on 23,205.35 ETH worth $39.03 million at an average entry of $1,680.8, now showing a $17,000 floating loss as price sits at $1,683.01. On the 4h chart ETH trades inside the Bollinger Bands with price testing upper resistance at $1,697.3 while the 50-EMA at $1,689.17 caps upside and the 200-EMA at $1,925.75 remains distant overhead resistance; the neutral RSI at 55.49 paired with the MACD golden cross at 5.02 suggests any bounce may stall quickly and retrace toward the $1,636.96 lower band before the next directional move.