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COINOTAG News, on October 27, reported that a notable Ethereum trader, often labeled the “ETH whale,” is outlining a short play after maintaining a sizable long exposure. The market note cites a planned short entry near $4,914.9 with resting orders in the $4,190-$5,555.5 corridor. The individual currently holds a long position of 15,689.44 ETH, and the strategy signals gradual profit-taking as price moves within that range.
As ETH traverses toward the specified zone, the plan involves scaling out of longs to lock in gains. If price breaches the $4,914.9 level, a new short position would be opened. Should ETH extend to $5,555.5, the maximum short allocation could reach 14,024.37 ETH (about $77.91 million notional).
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