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A veteran Ethereum whale — the same large on-chain trader who profited from shorting ETH during the October 2025 market crash — has opened a fresh $19.7 million short position against Ether. The move signals renewed bearish conviction from a wallet with a demonstrated track record of timing downturns in the second-largest cryptocurrency by market cap.

6/27/2026

The Bet and the Backstory The trader's history lends weight to the new position. Shorting a cryptocurrency means borrowing it, selling at current prices, and buying back cheaper — a bet that the price will fall.

The October 2025 crash gave this whale exactly that outcome, establishing a reputation that on-chain observers now watch closely. The fresh $19.7 million short is not a casual hedge.

At that size, it reflects a deliberate directional call — someone with skin in the game, not a talking head on a panel.

What the Technical Setup Is Pointing To According to the source, Ether's current technical configuration points toward a potential decline to $1,375.