Crypto
Ethereum Whale Repays Aave Debt with 6,000 ETH Sale
An Ethereum whale has reduced its exposure by selling 6,000 ETH at $2,496. The transaction occurred four hours ago and converted proceeds into 14.97 million USDe to settle Aave debt.
The whale's remaining 143,800 ETH is valued at $362 million against $181 million in loans for overall 2x leverage.
The price action on the 4h chart shows ETH at $2,507.87 inside the Bollinger band with upper resistance at $2,514.91 and lower support at $2,466.95.
The EMA50 is holding at $2,472.53 as concrete support above the EMA200 at $2,278.78, while the MACD golden cross at 6.72 confirms trend strength.