The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
Amid growing selling pressure in the crypto market, whale activity is emerging as a key signal for traders. An Ethereum whale has opened a new $19.7 million short position on ETH, building on a successful short during the October 2025 crash. According to reports, technical analysis suggests ETH could drop to $1,375, potentially increasing the whale's unrealized profit to $2.39 million.
ETH is currently trading around $1536.85 (close of June 26, 2026) per market data from trading platforms. The new position follows the whale's earlier profitable trade during the October crash, boosting the credibility of its bearish outlook. The market closely watches whale moves due to their potential impact on liquidity and overall sentiment.
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Sign InTraders are focusing on the support level at $1,375, a break of which could accelerate selling pressure. In the absence of direct catalysts, overall crypto market sentiment and macro factors such as central bank decisions and liquidity trends will be the main drivers of ETH price action in the coming days.