Assessing Ethereum whale’s $63M short bet and what’s next for ETH’s price

Ethereum turned a focus within the crypto world just lately when a whale positioned a $63M brief wager, focusing on the altcoin’s value resistance at $3,200-$3,400. The market is now eagerly anticipating the following transfer, questioning whether or not ETH may break by way of the aforementioned degree. In truth, merchants are on edge as they wait intently for Ethereum’s subsequent transfer.

Therefore, the query – Will Ethereum’s value reclaim the $3,200-$3,400 resistance zone, or will it fail to take care of momentum?

A $63M whale wager on Ethereum’s future

Ethereum’s whale took a serious danger, shorting $63M price of ETH with 3x leverage. If Ethereum [ETH] efficiently breaks by way of the resistance zone, the whale may face important losses, with a liquidation value of $4,545. 

Supply: X

Nevertheless, this wager would possibly simply be a calculated danger within the hopes that the market would reject the upper ranges.

Is Ethereum set for a Q1 bullish rebound?

Traditionally, Ethereum has seen sturdy Q1 performances after a purple This fall. With 2026 now underway, Ethereum’s value is likely to be exhibiting indicators that it may comply with this sample but once more.

Merchants are hopeful that the cryptocurrency would rally in Q1, pushed by the market’s anticipation for a bullish rebound.

Supply: X

Even when Ethereum fails to interrupt the $3,400-resistance, Q1 may nonetheless be a possibility for bulls. Particularly if demand picked up across the altcoin’s decrease assist ranges.

Ethereum’s $3,000 assist, liquidity zones, and technical indicators

On the time of writing, Ethereum’s liquidity heatmap confirmed important clusters across the $3,000-support degree – An indication {that a} check of this zone could also be possible if the $3,200-$3,400 resistance holds on. 

Supply: CoinGlass

Giant leveraged positions on this space have traditionally led to fast value actions.

Lastly, Ethereum’s value chart additionally highlighted the sturdy $3,200-$3,400 resistance, with an RSI of 70.60 indicating overbought situations. The MACD confirmed a fall in bullish momentum, including to considerations that the altcoin may fail to interrupt by way of this degree. 

Supply: TradingView

If Ethereum fails to interrupt by way of this resistance, a pullback to $3,000 could also be possible – A degree the place liquidity may set off an important value transfer.

Last Ideas

• Ethereum faces important resistance at $3,200-$3,400, with technical indicators signaling potential for a value pullback.
• The $3,000-support zone, backed by liquidity clusters, would possibly function the following essential battleground if resistance holds on.