Whale Strategy Split – A major Hyperliquid whale has taken a $30M Solana long and a $30M Ethereum short.
Solana Momentum – SOL trades near $214 with bullish signals as the MACD crossover and ALMA support point to further gains.
Ethereum Cooling ETH falls under the resistance of 4507, and momentum indicators reflect the potential move of the cryptocurrency to consolidate or correct at 4200 to 4000.
A whale trader on Hyperliquid has taken opposite positions on Solana and Ethereum, signaling diverging momentum between the two assets. The account, tied to wallet 0x9e8b, has accumulated over $15 million in realized profit on the platform. This move combines a leveraged Solana long with an Ethereum short, highlighting clear directional conviction.
Solana Gains Renewed Momentum
The whale opened a 20x leverage long on 141,611 SOL, valued at approximately $30.75 million. This significant position underlines a bullish outlook for Solana, expecting continued price appreciation in the near term. The heavy allocation toward Solana reinforces confidence in its market strength.
Solana is currently trading above $214 after its mighty recovery following the doldrums around $120 in the middle of the year. The fact that it broke out beyond the psychological mark of 200 indicates that it has been in demand once more, with the resistance being tested at above the price. Bullish indicators: Momentum indicators prove that there is still a possibility of a further rally.
The signal line has been crossed by the MACD line, and the histogram is positive, indicating that the upward pressure continues. The ALMA moving average near $207 provides a support floor for short-term consolidation. If the trend continues, a move toward $220- $230 remains possible.
Ethereum Shows Cooling Momentum
At the same time, the whale has shorted 6,698 ETH with 25x leverage, valued near $30 million. This position reflects a bearish stance on Ethereum’s near-term performance. The setup contrasts directly with the bullish Solana exposure.
Ethereum trades around $4,452 after a strong rally from April lows under $2,400. However, momentum has weakened since peaking above $4,600 in August. The MACD line has crossed below the signal line, confirming reduced buying pressure.
The ALMA moving average near $4,507 acts as resistance while ETH trades slightly below it. Failure to reclaim this level could lead to a retest of $4,200–$4,000 support. Sustained weakness below $4,400 may extend the correction before any renewed upward attempt.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
<p>The post Whale Bets Signal Solana Strength as Ethereum Momentum Cools first appeared on Coin Crypto Newz.</p>
