The Ethereum$ETH market is witnessing renewed bearish momentum as on-chain trackers report an aggressive move by a well-known high-precision trader. According to BlockBeats’ latest on-chain detection, the trader — recognized for maintaining a remarkable 100% win rate in previous leveraged trades — has significantly increased their short position on ETH$ETH
🔥 Trader Expands ETH $ETH Short to Over $20M
Data shows the trader has added more weight to their bearish outlook, stacking a 10x leverage short worth $20.11 million.
Average Entry Price: $3,186.98
Liquidation Level: $3,736.89
This setup highlights a strong conviction that Ethereum may face downward price action in the short term. The high leverage and precise entries reflect a strategic attempt to capitalize on potential volatility ahead.
📉 What This Could Mean for ETH
The trader’s move comes at a time when Ethereum has been fluctuating within a tight range, struggling to reclaim major resistance levels. A short position of this scale often signals expectations of:
Market correction or increased sell pressure
Weakening bullish sentiment
Potential macro or liquidity-driven pullbacks
If the market moves downward from current levels, the position could generate substantial profits. However, a strong upside break toward the liquidation zone would force rapid adjustments.
📊 On-Chain Community Reacts
The crypto community is closely watching this development, as high-accuracy traders often influence market sentiment. While this does not guarantee a trend reversal, it does introduce heightened caution among short-term traders.
