Hyperliquid Sees Fresh Accumulation as Whale Adds 8,000 ETH Long Position

A new address has opened an 8,000 ETH long position on Hyperliquid at $2440.49 during the overnight dip.

This fresh accumulation brings the total bit-associated entity position to 29,500 ETH worth $72 million, ranking as the fifth-largest position on the platform.

The price action on the 4h chart shows ETH currently trading at $2442.27 within its Bollinger band with upper resistance at $2531.82 and lower support at $2424.52.

The moving averages, including the 50-EMA at $2403.47 acting as dynamic support and the 200-EMA at $2126.75 anchoring the broader bullish structure, suggest a potential continuation toward the upper band once the 50-EMA holds.