Main Points:
- A single Ethereum whale initiated a $16.35 million long position on ETH at $4,229.83 using 25× leverage, positioning for a rebound toward $4,300–$4,360.
- A mere 1% price rise equates to $163,000 profit; reaching $4,336 could trigger multimillion-dollar unrealized gains as short liquidations cluster around that level.
- Key technical supports include the 20-day EMA and a falling wedge pattern on daily charts; weekly charts show ETH reclaiming $3,900–$4,000 resistance as support—potentially paving the way to $8,000.
- Additional whale movements: In April, whales opened $12.6M (5× leverage) and $11.15M (25×) positions; mega‑whale accumulations (~10k+ ETH wallets) have increased holdings 9%—stronger than pre‑2022 rally.
- Contrasting moves seen too: Some whales taking short positions (e.g., $62M short at 18× leverage); leveraged positions have also led to multi‑million unrealized losses in some cases.
- Overall: Elevated whale activity, both bullish and bearish, highlights heightened confidence and risk appetite. The current setup suggests a possible bullish breakout if key levels hold.
1. Whale Builds $16.35M Long Position at $4,229.83
An Ethereum whale has entered a massive $16.35 million long position using 25× leverage, betting that the latest correction is over and that ETH is on the path to a rebound. The entry price for this position was $4,229.83 per ETH. At the time of reporting, ETH traded just above $4,240, putting the profitable position slightly in the green.
2. Profit Potential & Liquidity “Magnet” at $4,336
Due to its size, this position is highly sensitive to even small price movements. A 1% rise in ETH’s price would translate to over $163,000 in profit.
Moreover, the location of this trade aligns with a short liquidation cluster between $4,300 and $4,360, with a particularly thick layer around $4,336, identified by Kingfisher’s heatmap. Market makers often guide prices toward such “liquidity magnets,” which may amplify upward moves even without a full breakout. Should ETH reach $4,336, the position could generate hundreds of thousands in unrealized gains—potentially approaching $450,000.
3. Technical Setup: 20-day EMA, Falling Wedge, Weekly Retest
On the daily chart, ETH is holding above its 20-day exponential moving average (EMA), a key support level since July. This coincides with the lower boundary of a falling wedge pattern, often viewed as a bullish reversal formation. Analysts see a potential rally to $4,750, roughly 13% upside, if the wedge plays out. A break below $4,140 would invalidate this scenario.
On the weekly timeframe, market watchers note that ETH’s prior resistance in the $3,900–$4,000 range may now have become support—identified as a “clear weekly retest.” If this level holds, analysts like those at DIY Investing even suggest ETH could ultimately target $8,000.
4. Additional Whale Activity and Megawhale Accumulation
This is not an isolated case. In April, another whale opened a $12.6 million long (5× leverage), signaling bullish sentiment. Shortly after, yet another whale placed an $11.15 million long (25× leverage) around $2,758, targeting a breakout from a bull‑flag formation toward ~$3,670.
Furthermore, mega‑whales—wallets holding at least 10,000 ETH—have ramped up their holdings by 9.31%, surpassing even the pace of accumulation before the 2022 95% rally. ETH supply held by these whales recovered from 37.56M to over 41.06M ETH.
5. Bearish Moves & Leverage Risks
Whale activity is not unanimously bullish. Some whales are taking large short positions. For example, whale 0x2258 opened an enormous $62.4 million short with 18× leverage, betting against ETH holding above $3,060, posting a tight liquidation near resistance.
In addition, leveraged positions can quickly backfire. Recent reports show whales sustaining multi-million-dollar unrealized losses, including one facing $3.35 million in losses across leveraged ETH positions.
6. What Does This Mean for Practical Use and Traders?
For practitioners and traders seeking new crypto opportunities or blockchain utilization:
- Bullish signals from whales reinforce confidence; technical patterns suggest potential renewed upside.
- Short‑squeeze risk may amplify upward moves if ETH approaches the liquidations around $4,336.
- Leverage magnifies outcomes, both positive and negative—risk management is paramount.
- Accumulation by funds and megawhales suggests institutional confidence, important for medium‑to‑long‑term adopters.
- Contrary moves (large shorts) illustrate that market hedging and sentiment divergence persists—opportunities exist on both sides.
7. Conclusion
In summary, the $16.35 million 25×‑leveraged long by an Ethereum whale represents a highly confident bet on ETH’s rebound—one with structured support from technical indicators and short‑liquidation mechanics. Other whales echo this bullishness, while accumulation metrics point to deep institutional and megawhale confidence. Yet significant bearish bets and leverage-related drawdowns remind us that cryptocurrency markets remain a double‑edged sword. For those interested in practical blockchain applications or next‑generation crypto income, understanding whale behavior, technical setups, and risk mechanisms is key to making informed moves.
