Ethereum Whale Bets Big On Another ETH Price Drop

A prominent Ethereum whale has opened a new short position worth $19.7 million, signaling continued confidence that the asset price has further to fall. This trader recently gained attention for successfully betting against the market during the October 2025 crash, making this latest move a point of interest for market observers.

Current technical charts for Ether suggest the price could drop toward the $1,375 level. If the asset hits this target, the whale stands to gain an additional $2.39 million in unrealized profit from this specific trade.

Traders are watching these large positions closely because they often indicate where institutional money expects the market to head next. Whether this prediction holds true depends on overall market liquidity and broader trends across the digital asset space in the coming days.