Trader Incurs 1.8% Loss Withdrawing ETH from Aave
A trader swapped aEthWETH for ETH at a 1.8% discount, losing 310 ETH ($720k) to withdraw 17,400 ETH from Aave amid paused WETH withdrawals, then deposited to Spark.
SourceA trader executed a costly swap early this morning, selling aEthWETH deposit certificates directly into ETH to retrieve 17,400 ETH from Aave, absorbing a 1.8% discount that shaved off 310 ETH valued at $720,000. This maneuver bypassed Aave's ongoing pause on WETH withdrawals, with the recovered assets promptly shifted to Spark for redeposit, highlighting liquidity strains in DeFi lending protocols amid volatile ETH price prediction scenarios.
Zooming into the ETH 4-hour chart, price action clings to a bullish structure with the EMA50 at $2,311.47 acting as immediate support just below the current $2,312.87 mark, while the EMA200 at $2,204.28 reinforces longer-term upside conviction. Yet the MACD signals caution with a bearish death cross at -8.26, and RSI hovering neutral at 46.93—price trades snug inside the Bollinger Bands, testing the upper resistance at $2,415.74 but with potential exhaustion looming, setting up a likely pullback to the lower support at $2,252.47 before resuming climb, especially as Bitcoin (BTC) trends influence broader crypto market dynamics and ETH withdrawal strategies evolve in this DeFi landscape.
余烬
@EmberCNAnalyst about On-chain Analysis