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

ETH

ETH/USDT

$1,908.89

+1.26%

$1,908.89

+1.26%

(24s)

24h Volume

$7,426,003,036.57

24h H/L

$1,915.50 / $1,869.17

Change: $46.33 (2.48%)

Long/Short

63.5%

Long: 63.5%Short: 36.5%

Funding Rate

+0.0049%

Longs pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$1,907.54

▲ 1.68%

Volume (24h): -

Resistance Levels

Resistance 3$2,047.57

Resistance 2$1,954.22

Resistance 1$1,930.42

Price$1,907.54

Support 1$1,886.53

Support 2$1,843.83

Support 3$1,792.21

Pivot (PP):$1,879.16

Trend:Sideways

RSI (14):55.7

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.