7 Siblings: Borrows 10M USDT to Buy 5,589 ETH | Flash News Detail | Blockchain.News
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6/4/2026 2:38:00 AM

7 Siblings: Borrows 10M USDT to Buy 5,589 ETH

7 Siblings: Borrows 10M USDT to Buy 5,589 ETH

7 Siblings borrows 10M USDT from Spark and acquires 5,589 ETH at $1,789 during the dip as ETH trades at $1768.75.

Source

Analysis

7 Siblings borrowed 10M USDT from Spark and scooped 5,589 ETH at $1,789.

Price sits at $1768.75 inside the Bollinger band with lower support at $1760.16 while RSI(14) prints 23.57 oversold and MACD confirms the death cross below zero. The 50-EMA at $1970.66 and 200-EMA at $2129.91 remain firm overhead resistance. With price glued to the lower band and momentum deeply oversold, a short-covering bounce toward the 50-EMA looks probable before the next leg lower resumes.


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