Anti-CZ Whale Flips Bullish On Ethereum: Now Up $15M On A $119.6M Long Position

Ethereum is showing renewed spot aft days of aggravated selling unit and wide uncertainty crossed the crypto market. Following a crisp driblet beneath the $3,300 level, bulls are present attempting to reclaim $3,600, with the adjacent large nonsubjective acceptable astatine $4,000 — a level that could corroborate a displacement successful marketplace momentum if conquered.

Amid this betterment effort, cardinal on-chain information highlights a astonishing determination from 1 of the market’s astir intimately watched traders — the alleged Anti-CZ Whale. This capitalist gained notoriety for shorting ASTER soon aft Changpeng Zhao (CZ) — the erstwhile CEO of Binance and 1 of the astir influential figures successful crypto — publically mentioned buying it. The whale’s timely abbreviated turned retired to beryllium highly profitable, reinforcing their estimation arsenic a contrarian yet precise marketplace player.

Now, this aforesaid whale has flipped bullish connected Ethereum, opening a important agelong presumption aft having shorted ETH past week. The determination signals increasing assurance successful Ethereum’s betterment imaginable and could hint astatine an upcoming marketplace reversal. As sentiment begins to stabilize and liquidity rotates backmost into large altcoins, Ethereum’s terms enactment successful the coming days volition beryllium important successful determining whether this bounce evolves into a sustained uptrend.

The Anti-CZ Whale Flips Bullish connected Ethereum

According to caller on-chain data shared by Lookonchain, the trader known arsenic the Anti-CZ Whale has erstwhile again demonstrated his crisp marketplace timing. After shorting Ethereum (ETH) during past week’s marketplace correction, the whale has present flipped bullish — taking a large agelong presumption that reflects increasing assurance successful the asset’s recovery.

The information reveals that the whale presently holds 32,802 ETH, valued astatine astir $119.6 million, with much than $15 cardinal successful unrealized nett truthful far. This strategical pivot came soon aft Ethereum’s rebound from its caller lows adjacent $3,200, suggesting that the trader anticipated a alleviation rally arsenic selling unit began to ease.

What makes this determination adjacent much important is that the Anti-CZ Whale is inactive maintaining profitable abbreviated positions successful different assets — notably ASTER and PEPE. This indicates a selective, tactical attack alternatively than a wide marketplace shift. His ETH agelong aligns with improving sentiment astir Ethereum, portion the different shorts suggest caution toward much speculative altcoins.

Anti-CZ Whale Positions | Source: Lookonchain

Historically, the Anti-CZ Whale has earned a estimation for trading against large narratives — including his palmy abbreviated connected ASTER aft Changpeng Zhao (CZ), Binance’s erstwhile CEO, tweeted astir buying the token. His latest determination toward ETH could truthful awesome that astute wealth is opening to rotate backmost into high-conviction assets.

ETH Price Analysis — Signs of a Short-Term Recovery

Ethereum’s terms enactment connected the 4-hour illustration shows a notable betterment pursuing past week’s crisp decline. After dipping beneath $3,300, ETH recovered beardown buying involvement and has since rebounded toward the $3,600 portion — a cardinal short-term absorption level. This rebound coincides with accrued trading volume, suggesting renewed assurance among bulls aft respective days of panic-driven selling.

ETH investigating 4-hour absorption level | Source: ETHUSDT illustration connected TradingView

The operation present shows aboriginal signs of a imaginable inclination reversal, arsenic Ethereum has formed a short-term higher debased pattern, with buyers defending the $3,350–$3,400 enactment zone. If momentum continues, the adjacent people for bulls lies adjacent $3,800, wherever erstwhile breakdowns occurred. A wide interruption and adjacent supra that level would corroborate a bullish continuation toward the $4,000 mark.

However, ETH inactive faces challenges ahead. The broader marketplace remains fragile, and the plus is yet to reclaim its 200-period moving average, which presently acts arsenic dynamic resistance. Failure to prolong momentum supra $3,600 could pb to renewed selling pressure, perchance retesting enactment adjacent $3,250.

Featured representation from ChatGPT, illustration from TradingView.com