Ethereum Whale Initiates Short Position with $7.25M Loan

A significant Ethereum whale has taken a bearish stance by borrowing 4,000 ETH from Aave to initiate a new short position, signaling potential concerns about the recent price resurgence. This follows the whale’s earlier losses of approximately $14.23 million between April 22 and 25. Despite this, ETH price has climbed 1.85% to reach $1,806.26, suggesting a resilient market in the face of potential bearish pressure from whales.