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06/23 06:28

Ethereum (ETH) held near $1,736 as whale shorts gr

#World Cup Predictions: 100,000 USDT Daily #2026 World Cup Posting Challenge on HTX Square #HTXCommunity4thAnniversary Ethereum (ETH) held near $1,736 as whale shorts grew, while most derivatives traders stayed positioned for a rebound. Key Points: Ethereum traded in a tight range near $1,700 after four days of consolidation. Whale wallets opened large leveraged shorts, including one 50,000 ETH position worth $85.28 million. Broader positioning stayed bullish, with 73% of open positions long, according to Coinalyze. Ethereum Shorts Ethereum remained inside a broader descending channel, even as spot price action showed little movement around the $1,700 area. The token traded at $1,736 at press time, up 0.08% on the day, according to the report by Gladys Makena and reviewed by Renuka Tahelyani. The narrow move did not change the larger structure. Large holders appeared less willing to wait for a confirmed breakdown. Onchain Lens said the whale wallet "pension-usdt.eth" increased a 3x leveraged ETH short to 50,000 ETH, worth $85.28 million. The position carried more than $1.43 million in unrealized profit, while another whale opened a 23,000 ETH short with 20x leverage before closing it for about $125,000 in profit.

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