$16M ETH Profit for Hyperliquid Whale as Price Action Hits EMA50

The 'Hyperliquid Whale' has taken the top spot for largest unrealized profit on ETH positions, with a staggering $16.52 million gain built from mid-August entries at $2,134.45, representing a 407.96% return on their current 30,282.4 ETH stake valued near $81.96 million.

As of the current price action at $2,683.31, the position trades inside the Bollinger band with upper resistance at $2,736.69 and lower support at $2,650.83.

The technical indicators suggest that any push toward the $4,000 limit sell will likely encounter volatility exhaustion first at the upper band before a healthy retracement tests the 50-EMA confluence.