Trader 0x2371: Opens $29.88M 20x ETH Long

Trader 0x2371 with a perfect 100% win rate and $9.26M lifetime profit just reopened a 20x long on 12,000 ETH valued at $29.88M through Hyperliquid after the recent dip and already sits on $626K in unrealized gains.

Price action on the 4h chart shows ETH at $2494.02 inside the Bollinger Bands with the lower support at $2408.24 acting as immediate floor while the upper resistance sits at $2768.69; the EMA50 at $2625.7 and EMA200 at $2598.01 both cap upside in the current bearish structure confirmed by the MACD death cross at -55.78, yet RSI at 31.37 leaves room for a short-covering bounce before any deeper test of the lower band.