Key facts: Ethereum at $3,813; $30M short position opened; ETH shows strength
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- Ethereum (ETHUSD) is priced at $3,813, with support at $3,072 and resistance between $4,700 and $4,800. A breakout above resistance may end a long consolidation since 2021.1
- A trader on Hyperliquid has opened a $30 million short position on Ethereum (ETH), adding to a $160 million short on Bitcoin, having previously profited over $150 million from similar trades.2
- Ethereum showed strength against other cryptocurrencies, holding firm despite a bearish close. The ETH/BTC pair hit a key support zone, crucial for potential rebounds or further consolidation.3