Ethereum traded around $2,420, down 2.5% daily, after failing to break above $2,567 and remaining between $2,300 and $2,400. Despite weakening momentum and $63.6 million in ETH long liquidations versus $12.6 million in shorts, a whale returned after seven months of inactivity to open a 25x long covering 18,587 ETH worth $44.85 million. Lookonchain previously identified the wallet as 0x89d...e43, beginning with 0x89da, and said it entered the Hyperliquid position at $2,422.37, with liquidation at $1,874.86. Long positions dominated on Binance and OKX, with Binance's Long/Short Ratio at 2.7. Separately, a spot whale deposited 103,252 ETH worth $253 million into exchanges and retained 64,603 ETH valued at $155 million, which could add selling pressure. Ethereum's RSI fell to 63 after a bearish crossover, while MACD also turned bearish. The report says ETH could fall toward $2,200 if the shift persists, or retake $2,500 if derivatives buyers continue deploying capital.