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Guavy AI Editorial Team••Sentiment: 2.4•Clout: 42

Cryptocurrency Markets See Significant Long Position Openings

ETHUSDC

A significant development has taken place in the cryptocurrency markets with a newly created wallet depositing $1.19M USDC into HyperLiquid.

The wallet opened long positions in 11,475 ETH (20x) and 11,225 HYPE (10x), totaling $19.8M in value. This move has sparked fresh leveraged bets on ETH price prediction models.

ETH is currently trading at $1657.79 within the Bollinger Bands, with a neutral RSI(14) of 45.21 and MACD printing a bullish golden cross. The next logical move for ETH could target the upper resistance level of $1730.08 before any retracement toward EMA50 resistance.