Ethereum Faces $62 Million Whale Short as Price Struggles Below $3,500
A prominent cryptocurrency trader has placed a massive $62.42 million short position against Ethereum (ETH), leveraging 18x to bet against the asset's ability to reclaim the $3,500 resistance level. The whale, identified by wallet address "0x2258," entered the trade at $3,060 and is already sitting on $1.14 million in unrealized profits as ETH hovers below $3,000. The position faces liquidation at $3,505—a critical level that has previously acted as a strong resistance point. This aggressive move highlights growing bearish sentiment among large traders amid Ethereum's recent market struggles. Despite short-term pressure, Ethereum's long-term fundamentals remain strong, with ongoing network upgrades and institutional adoption continuing to drive bullish sentiment among long-term holders.
Crypto Whale Bets $62 Million Against Ethereum Amid Market Pressure
A prominent cryptocurrency trader has taken a massive $62.42 million short position against Ethereum, leveraging 18x to capitalize on ETH's struggle to reclaim the $3,500 resistance level. The whale, identified by wallet address "0x2258," entered the trade at $3,060 and is already sitting on $1.14 million in unrealized profits as ETH hovers below $3,000.
The position faces liquidation at $3,505—a level that served as January 2025's peak. Market watchers note the whale's track record: over $15 million in prior profits, including successful counter-trades against institutional players. Such high-leverage bearish bets signal deepening skepticism about Ethereum's near-term prospects.
Ethereum Could Surge Past $4,000 This Week, Analyst Predicts
Ethereum is showing strong bullish signals, with prominent crypto analyst Kaleo (@CryptoKaleo) forecasting a dramatic upward move that could push ETH above $4,000 in the coming days. In a post on X, Kaleo described the potential for a "God candle"—a massive green candlestick—that would catapult the asset beyond its current resistance levels. "God candle to $4K+ this week… honestly though I wouldn’t be surprised if we see something like this play out after today’s news," he wrote.
The ETH/USDT pair has been trading within an ascending wedge pattern for over three months, with resistance NEAR $3,000. A mid-June breakdown briefly sent prices to $2,100, but a swift recovery—dubbed "Reclaim" by Kaleo—reestablished the wedge's support. The recent breakout above $3,030 has reignited bullish sentiment, with technical projections suggesting a rapid ascent toward $4,000.
Ethereum Price Breaks Out: Smashes $3,400 Mark in Bullish Run
Ethereum surged past the $3,400 threshold, marking a significant bullish momentum. The cryptocurrency broke through key resistance levels, starting with a decisive MOVE above $3,150, followed by a steady climb to $3,250. At its peak, ETH tested $3,423 before entering a consolidation phase.
The current trading pattern shows ethereum holding above the 100-hourly Simple Moving Average, with a bullish trend line forming at $3,300 on the hourly chart. Market observers note that maintaining support above $3,220 could pave the way for further gains, while resistance near $3,420 remains a critical level to watch.
Ethereum's outperformance against Bitcoin highlights its growing strength in the market. Traders are eyeing the $3,500 zone as the next potential target if the upward trajectory continues.
ZARO Launches as a Decentralized Meme Coin with Locked Liquidity and Community Focus
ZARO has emerged as a decentralized experiment, aiming for cultural permanence in a speculative market. Launched as a meme coin with no presale, team tokens, or roadmap, ZARO renounced ownership and locked liquidity for 255 years. The token is designed as a permanent cultural artifact on Ethereum, with a fixed supply of 1 billion and 0% tax.
The project emphasizes community-driven growth, with no central authority or team control. The contract is Immutable and audited by Thirdweb and OpenZeppelin frameworks. ZARO trades on Uniswap, with liquidity locked until 2280, and the entire supply was donated to the public pool.
ZARO is more than a token; it’s a meme mascot designed to reflect and unite global culture. Through the ZaroVerse ecosystem, the project is expanding into multilingual and multicultural spaces, offering no utility or entitlements but simply existing as a blockchain-based artifact.
Ethereum Breaks $3,400 as Investors Split Between Accumulation and Profit-Taking
Ethereum surged past $3,400, sparking divergent strategies among investors. While some capitalized on the milestone to take profits, others aggressively accumulated ETH, underscoring the market's polarized sentiment.
SharpLink Gaming and World Liberty Financial emerged as key players, significantly boosting their Ethereum holdings. SharpLink alone added 20,279 ETH worth $68.38 million, bringing its total stash to 321,000 ETH with an average purchase price of $2,745. The firm now sits on an unrealized profit of $204 million.
The altcoin's rise to become the 30th largest global asset—overtaking Johnson & Johnson—has fueled Optimism among analysts. ETH's price appreciation of 6.87% in 24 hours, peaking at $3,424 before settling at $3,324, reflects growing institutional confidence.
Spot Ethereum ETFs See Record Inflows as Institutional Demand Surges
BlackRock’s iShares Ethereum Trust (ETHA) recorded a historic $489 million inflow on Wednesday, marking the highest daily influx since its July 2024 launch. The fund acquired 148,585 ETH and saw trading volumes spike to $1.8 billion, underscoring accelerating institutional appetite.
Total inflows for Ethereum ETFs hit $720 million in a single day, shattering the previous record of $430 million. Fidelity’s FETH and Grayscale’s mini Ethereum Trust also posted their strongest inflows since late 2024, signaling broad-based demand.
The BlackRock Ether ETF alone has absorbed $1.25 billion over five trading days—equivalent to 20% of its lifetime inflows. At current rates, Ethereum ETFs are consuming supply at a pace exceeding mining output by over 100x.
