# Ethereum Whales Position for Potential Rebound Despite escalating geopolitical tensions in the Middle East and a cautious market sentiment, some Ethereum (ETH) whales are making significant bets on a price rebound. # Whale Activity Indicates Bullish Sentiment Cointelegraph reported that one whale opened a substantial $100.1 million ETH long position at $2,247, leveraging 25x. This indicates a strong belief in ETH's upward potential, despite the liquidation risk at $2,196. Following this, another whale withdrew over $40 million worth of ETH from Binance, now holding approximately $112 million. Such large-scale accumulation suggests confidence in ETH's future performance. # Contrasting Sentiment Among Top Traders Interestingly, this bullish whale activity contrasts with the broader sentiment among top traders. HyperDash data reveals that only 36% of HyperLiquid's leading traders hold long positions in BTC or ETH, while a significant 64% are positioned short. This divergence highlights the calculated risk these whales are willing to take, potentially capitalizing on a market oversold due to fear and uncertainty. ```

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