Ethereum Whale Opens $19.7 Million Short Position, Eyeing Potential Drop to $1,375

An Ethereum whale, known for accurately shorting the October 2025 crash, has opened a new $19.7 million short position on Ether (ETH), anticipating a potential price drop.

Whale's Strategic Bet on ETH Decline

The prominent whale has entered a significant short position, betting on a bearish turn for Ethereum. This move follows their previous successful shorting activity during the October 2025 crash, indicating a history of profitable market timing. The substantial $19.7 million position underscores a strong conviction in the impending price correction for ETH.

Technical Analysis Points to $1,375 Target

According to technical analysis, Ether's current setup suggests a potential decline to $1,375. If this price target is reached, the whale's newly opened short position could yield an unrealized profit of $2.39 million. Such a move would represent a significant shift in ETH's valuation, impacting holders and the broader market. The last time ETH saw significant downward pressure, it led to events like Tether surpassing Ether in market cap as ETH plummeted to $1,500.

Why It Matters

This whale's substantial short position, backed by a history of accurate predictions, signals a notable bearish sentiment in a market often influenced by large holders. Their conviction, paired with supporting technical indicators, could trigger broader market caution among ETH investors. Monitoring how Ether reacts to this pressure point will be crucial, especially given past instances where Ethereum treasury firms resumed purchases after significant price drops.

Key Takeaways:

• An Ethereum whale has opened a $19.7 million short position on ETH.
• This whale previously profited from the October 2025 crash.
• Technical analysis indicates a potential drop in ETH price to $1,375.
• A successful drop to this target could net the whale an unrealized profit of $2.39 million.