ETH Whale: Revives $64M Aave Position After 3 Years
ETH whale address 0x280000F00c70cb9A08070ecB403c5b98De59ac8f supplied 20k ETH to Aave V3, looped $34M USDT borrow and lifted holdings to 58,755 ETH worth $98M.
SourceAnalysis
A long-dormant ETH whale holding 38,554 tokens worth $64.28M supplied 20,000 ETH to Aave V3, borrowed $34M USDT and purchased 20,201 ETH at $1,683 through loop borrowing, expanding the position to 58,755 ETH valued at $98M.
Price action on the 4h chart shows ETH trading at $1679.37 inside the Bollinger Bands and testing lower support at $1650.18 while RSI(14) at 21.4 flashes oversold and MACD death cross at -70.71 keeps the structure bearish below EMA50 resistance of $1908.51 and EMA200 at $2102.49, suggesting further downside pressure before any sustainable bounce in the next ETH price prediction cycle amid broader crypto market crash fears and shifting Bitcoin dominance impact.
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