data<\/a> shared by Lookonchain, the trader known as the Anti-CZ Whale has once again demonstrated his sharp market timing. After shorting Ethereum (ETH) during last week\u2019s market correction, the whale has now flipped bullish \u2014 taking a major long position that reflects growing confidence in the asset\u2019s recovery.<\/p>\nThe data reveals that the whale currently holds 32,802 ETH, valued at roughly $119.6 million, with more than $15 million in unrealized profit so far. This strategic pivot came shortly after Ethereum\u2019s rebound from its recent lows near $3,200, suggesting that the trader anticipated a relief rally as selling pressure began to ease.<\/p>\n
What makes this move even more significant is that the Anti-CZ Whale is still maintaining profitable short positions in other assets \u2014 notably ASTER and PEPE. This indicates a selective, tactical approach rather than a broad market shift. His ETH long aligns with improving sentiment around Ethereum, while the other shorts suggest caution toward more speculative altcoins.<\/p>\n
Historically, the Anti-CZ Whale has earned a reputation for trading against major narratives \u2014 including his successful short on ASTER after Changpeng Zhao (CZ), Binance\u2019s former CEO, tweeted about buying the token. His latest move toward ETH could therefore signal that smart money is beginning to rotate back into high-conviction assets.<\/p>\n
ETH Price Analysis \u2014 Signs of a Short-Term Recovery<\/h2>\n
Ethereum\u2019s price action on the 4-hour chart shows a notable recovery following last week\u2019s sharp decline. After dipping below $3,300, ETH found strong buying interest and has since rebounded toward the $3,600 region \u2014 a key short-term resistance level. This rebound coincides with increased trading volume, suggesting renewed confidence among bulls after several days of panic-driven selling.<\/p>\n
The structure now shows early signs of a potential trend reversal, as Ethereum has formed a short-term higher low pattern, with buyers defending the $3,350\u2013$3,400 support zone. If momentum continues, the next target for bulls lies near $3,800, where previous breakdowns occurred. A clear break and close above that level would confirm a bullish continuation toward the $4,000 mark.<\/p>\n
However, ETH still faces challenges ahead. The broader market remains fragile, and the asset is yet to reclaim its 200-period moving average, which currently acts as dynamic resistance. Failure to sustain momentum above $3,600 could lead to renewed selling pressure, potentially retesting support near $3,250.<\/p>\n
Featured image from ChatGPT, chart from TradingView.com<\/p>","protected":false},"excerpt":{"rendered":"
Ethereum is showing renewed strength after days of intense selling pressure and widespread uncertainty across the crypto market. Following a sharp drop below the $3,300 level, bulls are now attempting to reclaim $3,600, with the next major objective set at $4,000 \u2014 a level that could confirm a shift in market momentum if conquered. Amid […]<\/p>\n","protected":false},"author":0,"featured_media":111961,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-111960","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/111960"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=111960"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/111960\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/111961"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=111960"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=111960"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=111960"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}