Whale: Borrows 30M USDS to Buy 18K ETH

Whale executed a leveraged ETH purchase by cycling collateral through Spark to draw 30 million USDS and acquire 18,212 ETH at a $1,647 average just 15 minutes ago.

Address 0x7099c7d7fca074062a0fc593a35f788605bcad6e now holds the position after the on-chain loop. ETH trades at $1626.1 inside its Bollinger Bands with upper resistance at $1760.07 and lower support at $1485.63 while the 50-EMA sits at $1765.6 and the 200-EMA at $2033.01.

Price action shows a bearish trend structure yet MACD registers a bullish golden cross at -54.75 and RSI(14) holds neutral at 39.13. With price testing the upper Bollinger resistance near $1760 while the 50-EMA caps upside at $1765.6, a healthy retracement toward the 50-EMA support at $1765.6 appears probable before any continuation attempt.