Pension-usdt.eth: Closes ETH Short for $1.13M Profit

Pension-usdt.eth closed the ETH short position today for a $1.13M gain after nearly two months underwater, extending the win streak to 21 trades while the trader continues to sit down $4.98M on the open 1K BTC short worth $73M.

Price action at $1974.62 tests the lower Bollinger Band support of $1992.43 beneath a bearish structure defined by EMA50 resistance at $2098.78 and EMA200 at $2200.59, with RSI(14) at 24.09 oversold and MACD at -26.36 confirming the death cross; this confluence points to short-term volatility exhaustion that favored the exit ahead of any potential relief toward the 50-EMA before continuation lower.