Whale: Opens 25x Short on 9700 ETH at $2311.92

Address 0xaeaab54bbf65bfd6efed7d2eb68372298e3c2416 opened a 25x short on 9700 ETH worth roughly $22.46 million at $2311.92, now showing a $48,000 unrealized loss, according to @ai_9684xtpa.

The trader set take-profit at $2058.2 and partial stop-loss at $2750.1. ETH trades at $2320.32 inside the Bollinger bands with upper resistance at $2370.07 and lower support at $2295.08. Price sits below the EMA50 at $2374.12 and EMA200 at $2478.13 in a bearish structure, yet the MACD golden cross at -19.78 hints at building momentum while RSI at 41.2 stays neutral, suggesting the position may test lower band support before any reversal attempt.