Matrixport Whale Scores $9.9M Profit on Aggressive ETH Trade

Matrixport-linked whale has made significant gains in the Ethereum market, booking a $9.9 million profit after closing 40K ETH for $100.5 million.

The whale now sits on an impressive 80K ETH worth $201 million and 500 BTC ($39 million) with $22.9 million in unrealized gains.

This move marks a drastic shift from a previous drawdown of $92.5 million to a net surplus of $32.8 million, indicating aggressive positioning by the whale.

Ethereum price prediction models must take this into account as the 4-hour chart shows price at $2512.97 within Bollinger Bands with upper resistance at $2632.85.

The Relative Strength Index (RSI) is overbought, printing 95.09, while the Moving Average Convergence Divergence (MACD) holds a golden cross, indicating potential for a measured pullback toward the EMA50 support at $2106.92 before any extension higher.