Ethereum Whale opened a go long worth $16.3 million, with ETH price aiming for a Rebound.

Recently, one of the most prominent Ethereum whales has entered a long position of $16.35 million on Gate, indicating their confidence that the recent decline of Ethereum may have ended and that the price is ready for a significant rebound.

The position was entered at a price of approximately $4,229.83 per Aunt with 25× leverage, and the current trading price of Aunt has just exceeded $4,240, resulting in a slight profit. It is worth noting that every 1% change in the Aunt price brings about $163,000 in unrealized gains for the whale—highlighting the power of leverage combined with Aunt price volatility.

Short-term liquidation cluster: "magnet" towards $4,300–$4,360

Part of the rationale for this high-risk trade lies in the on-chain liquidity dynamics of the concubine. Heatmap data from Kingfisher shows a dense cluster of short positions in the $4,300–$4,360 range, particularly around $4,336, which could be liquidated at any moment.

These areas typically act as liquidity magnets—market makers and large players push prices into these zones to trigger stop-loss orders. If the aunt enters this zone, the positions of the giant whales may show an unrealized profit close to $450,000 without needing to break through completely.

Auntie is Bullish Technical Background: Descending Wedge and 20-Day EMA Support

Technically, the trading price of the concubine is above its 20-day Exponential Moving Average (EMA), which has been an important support for the upward trend since July.

Meanwhile, ETH seems to be forming a descending wedge pattern on its daily chart—a classic bullish reversal indicator. The 20-day exponential moving average is now coinciding with the lower boundary of the wedge, further reinforcing the bullish sentiment.

If the wedge and EMA support remain valid, the aunt may rebound to a target of $4,750, which is nearly 13% higher than the current level. Conversely, if it falls below $4,140, it could invalidate this bullish setup.

Downside Risk: A 4.3% drop may trigger liquidation.

It is important to remember that leveraged positions come with high risks. If ETH drops approximately 4.34% from the entry price—down to around $4,046, the whale's position will be completely liquidated, wiping out the entire margin behind the $16.35M trade. This emphasizes the severity of ETH price fluctuations when participating in extreme leverage.

Gate's Role: Providing Insights and Tools for ETH Traders

As a content creator for Gate, I believe this event highlights the importance of a reliable platform and data-driven analysis for auntie traders and enthusiasts:

• Gate offers powerful ETH/USDT trading with deep liquidity - ideal for quickly entering and exiting positions during price fluctuations.

• Our platform offers advanced staking and earning products, allowing long-term holders of Yitai to generate passive income while patiently waiting for the price to rebound.

• Gate also offers Launchpool and Alpha Points, allowing users to gain early access to new DeFi projects and maximize the value of their holdings.

• For more active traders, Gate provides futures and options tools for Ethereum, enabling strategies to take advantage of both upward and downward trends.

With these tools, Gate remains a top platform for navigating the technical and financial complexities of Ethereum price fluctuations and whale movements.

Matters ETH traders should pay attention to

To predict the future trend of the aunt, please pay close attention to the following key factors:

1. The price movement around $4,300–$4,360: Pay attention to the changes in the short-term liquidation clusters, as this may trigger a strong upward momentum.

2. Sustainability of the 20-day EMA: Staying above this moving average reinforces the bullish narrative.

3. Falling Wedge Confirmation: A breakout from this pattern may indicate a path towards $4,750 (and potentially higher).

4. Risk zone at $4,046: Such a significant drop could liquidate leveraged positions and trigger a larger correction.

5. ETH/BTC Dynamics and ETF Flows: Institutional activities, such as ETF inflows, further provide context for the momentum of ETH relative to Bitcoin.

Conclusion: ETH has bullish potential, backed by the confidence of the whales.

The $16.35 million leveraged long position of Ethereum whales highlights the betting environment: institutional and high-net-worth participants are positioning for an Auntie rebound.

• The strong liquidation cluster zone of $4,300–$4,360 is acting as a gravitational target.
• Yitai maintains technical strength through the 20-day EMA and descending wedge pattern.
• However, a drop to ~$4,046 still poses serious liquidation risks.

Gate encourages all users to track these developments and utilize the platform's liquidity, analytical insights, and tools to engage in balanced, informed trading.

If you would like to add a structured aunt price scenario table (bullish / neutral / bearish) to enrich the content for Gate readers, please let me know!