Matrixport-linked whale now holds a $78M unrealized loss on 120,000 ETH longs valued at $194M after depositing another 5.84M USDC margin on Hyperliquid to push liquidation prices down to $1,414.51, $1,366.11, $1,360.73 and $1,309.53.

Price action at $1578.37 tests the lower Bollinger Band support of $1611.96 while RSI(14) at 15.31 flashes oversold against the MACD death cross of -81.38, with the bearish EMA50 at $1894.99 and EMA200 at $2097.39 acting as concrete resistance that could force further deleveraging if ETH price prediction models price in a crypto market crash scenario.