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

ETH

ETH/USDT

$1,855.38

+0.82%

$1,855.38

+0.82%

(24s)

24h Volume

$3,368,949,874.11

24h H/L

$1,867.58 / $1,835.27

Change: $32.31 (1.76%)

Long/Short

67.4%

Long: 67.4%Short: 32.6%

Funding Rate

+0.0039%

Longs pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$1,852.27

▲ 0.56%

Volume (24h): -

Resistance Levels

Resistance 3$1,985.30

Resistance 2$1,916.75

Resistance 1$1,873.21

Price$1,852.27

Support 1$1,840.39

Support 2$1,779.67

Support 3$1,738.71

Pivot (PP):$1,838.69

Trend:Uptrend

RSI (14):57.8

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.