Ethereum Whale Makes $16.3M Leveraged Bet on Bounce
A bold Ethereum whale just opened a $16.35M long position on ETH ($4,163) with 25x leverage, signaling strong conviction that Ether will rebound instead of slipping below $4,000.
Key Market Watch Insights:
Entry at $4,229.83 → already in slight profit with ETH trading above $4,240.
A 1% price move = $163K profit for the whale. If ETH reaches $4,336, unrealized gains could near $450K.
Risk: A 4.3% dip to ~$4,046 would liquidate the trade entirely.
Technicals & Liquidity:
Heatmaps show a dense short liquidation cluster between $4,300–$4,360, acting like a “magnet” for price.
ETH is holding above its 20-day EMA and forming a falling wedge — a bullish reversal pattern.
Upside target if confirmed: $4,750–$8,000.
Downside invalidation: Close below $4,140.
Bigger Picture:
On the weekly chart, ETH has flipped its $3,900–4,000 resistance into support.
Analysts suggest this retest could open the door to a potential rally toward $8K in the coming months.
Market Mood:
Whales = confident (adding leveraged longs).
Retail = cautious, waiting for confirmation.
Macro watchers = eyeing Bitcoin’s next move and Fed policy before calling a breakout.
Is this whale trade a smart early bet on ETH’s next leg higher, or a high-stakes gamble at the edge of liquidation?
