Nemorino.eth restarted a $10.71 million ETH swing position 11 hours ago, acquiring 6328.6 WETH at an average $1690.7 through Cowswap and routing 2000 WETH into Aave.

The wallet had closed its prior swing on May 28 with a $480000 loss after buying at $2117.46 and selling at $2056.86.

Price sits at $1671.84 inside the Bollinger Bands with upper resistance at $1731.88. The bearish structure keeps price below the EMA50 at $1747.22 and EMA200 at $2012.09, yet the MACD golden cross at -13.69 signals building momentum while RSI at 47.87 remains neutral, pointing to a likely test of the 50-EMA before any sustained move higher.