Ethereum Short Seller Suffers Losses as Price Rebounds

A notable Ethereum investor known for employing short selling during price drops has experienced losses in their latest venture. This investor, who typically borrows ETH to short sell when the price falls below $1,800, recently borrowed 6,000 ETH worth around $10.58 million. However, as the price of Ethereum rebounded to $1,796.11, the investor incurred an unrealized loss of $186,000. This setback adds to a string of unsuccessful shorting attempts for this particular investor.