Machi Big Brother is doubling down. He deposited another $250,000 USDC into HyperLiquid to increase his 25x leveraged Ethereum long position. At 25x leverage, he's borrowing funds to multiply his bet — a small price move in either direction can make or break the trade.
The numbers are brutal. His cumulative losses now stand at nearly $74 million. At one point he was up over $44.8 million; now he's down more than $29 million. Recent updates show partial liquidations on his ETH long, and his wallet balance reportedly dropped close to $9,000. It's a textbook case of why extreme leverage can wipe out even deep pockets.
Ethereum Price: Hovering Near $2,000 as Market Stabilizes
ETH is trading around $2,000. On the daily chart, it's up nearly 2% in the last 24 hours, and the broader crypto market is showing signs of stabilization. The move appears market-driven rather than ETH-specific — Bitcoin's strength has helped lift sentiment. The Fear & Greed Index has improved from "Extreme Fear" to "Fear", suggesting panic selling is easing.
Volume remains strong and derivatives open interest is rising, indicating traders are still actively positioning rather than stepping away.
Technical Levels: $1,970 Support, $2,025 Resistance
ETH recently moved above the 7-day simple moving average near $1,970, which now acts as short-term support. The next major resistance sits around $2,020–$2,025, where the 30-day moving average and a key Fibonacci level converge.
Momentum indicators remain neutral. RSI is below 50, showing buying pressure is not strong yet. MACD is slightly negative, meaning the trend hasn't fully turned bullish. For Machi's 25x position, a mere 3–4% adverse move could trigger liquidation.
Near-Term Outlook: Either Breakout or Breakdown
If ETH holds above $1,970 and breaks above $2,025 with strong volume, the short-term outlook improves and a stronger recovery could follow. If it fails to hold $1,970, the first test would be the $1,900–$1,920 area. A deeper correction toward $1,850 would only follow if selling pressure intensifies. That scenario would heap more pressure on leveraged longs.
Vitalik on ePBS: Long-Term Fundamentals, No Short-Term Impact
Meanwhile, Vitalik Buterin recently discussed Ethereum's upcoming ePBS upgrade. He warned that block-building centralization could increase censorship risks and proposed FOCIL and encrypted mempools as solutions to improve fairness and reduce toxic MEV. These upgrades strengthen Ethereum's fundamentals over the long term, but they do not directly affect the short-term price swings that determine the fate of Machi's 25x trade.
In high-leverage trading, small price moves decide everything.