ETH Bulls Are Defending This Level Hard ?? The trendline has been respected several times now, and buyers continue stepping in whenever price dips into that area. For me, the main level to watch is $1,678. As long as ETH keeps holding above it on the 4H timeframe, I'm not interested in bearish scenarios. Ideally, I'd like to see a push back above $1,750. If that happens, the next areas I'm watching are $1,800, $1,845, and potentially $1,900+. Nothing is confirmed yet, but the structure is still forming higher lows and the trendline remains intact. A 4H close below $1,678 would change my view and invalidate this bullish idea. Until then, I'm giving the bulls the benefit of the doubt. 📈
This Man Is Betting "Against the Entire Crypto Market"😳. A newly created wallet, 0xae aa, has made its intentions very clear. After depositing 6.68M USDC into Hyper liquid, the trader opened three separate 20x leveraged shorts on the biggest assets in crypto: BTC, SOL, and ETH. Instead of picking one target, this whale is effectively betting on a broad market pullback across the entire crypto sector. 👇Current Portfolio: 👇 $BTC Short (20x Cross) Position Size: 430.64 BTC, Position Value: $27.55M, Entry Price: $63,848.50, Unrealized PnL: -$52,301, ROE: -3.80%, Margin Used: $1.38M, Liquidation Price: $77,097.30 . $SOL Short (20x Cross) Position Size: 181,245 SOL, Position Value: $13.32M, Entry Price: $73.3514, Unrealized PnL: -$24,575, ROE: -3.69%, Margin Used: $665,958, Liquidation Price: $104.2970 . $ETH Short (20x Cross) Position Size: 4,280 ETH, Position Value: $7.40M, Entry Price: $1,720.98, Unrealized PnL: -$30,456, ROE: -8.23%, Margin Used: $369,844, Liquidation Price: $3,039.10 . WE THINK: Using the full 20x available leverage across the account. Despite controlling nearly $48.3M worth of positions, the margin utilization remains relatively moderate, giving the shorts plenty of room to withstand volatility. Still, the message couldn't be clearer: This wallet is fully positioned for downside, with 100% short exposure and zero long positions. Whether this turns out to be a well-timed macro bet or an expensive attempt to call a top, the trader has already committed nearly $50 million to the idea that crypto prices are headed lower.
Anyways here is his address: 0xaeaab54bbf65bfd6efed7d2eb68372298e3c2416