Ethereum Whale Takes Profits: Long Position Now Down to 22,570 ETH After $189 Million Bet

ETH

ETH/USDT

$2,303.86

+2.85%

$2,303.86

+2.85%

(24s)

24h Volume

$22,543,720,045.80

24h H/L

$2,415.55 / $2,239.22

Change: $176.33 (7.87%)

Long/Short

50.3%

Long: 50.3%Short: 49.7%

Funding Rate

-0.0001%

Shorts pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$2,304.52

▼ -2.74%

Volume (24h): -

Resistance Levels

Resistance 3$2,575.35

Resistance 2$2,452.50

Resistance 1$2,378.22

Price$2,304.52

Support 1$2,234.04

Support 2$2,136.62

Support 3$1,938.04

Pivot (PP):$2,341.51

Trend:Uptrend

RSI (14):59.1

COINOTAG News, March 2nd – Recent data from ai_9684xtpa reveals that a significant player in the crypto market has begun to realize gains on their long position in Ethereum (ETH). This whale utilized a substantial 50x leverage on the Hyperliquid exchange, initially holding over 88,510 ETH, valued at approximately $189 million. As the market evolves, this trader has reduced their exposure, now maintaining 22,570 ETH in their long position. The vital liquidation price for this strategy was noted at $2,162.9. Such strategic profit-taking by seasoned investors often foreshadows potential market volatility, making it imperative for traders to closely monitor ETH price movements and sentiment shifts in the broader cryptocurrency landscape.