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<ul class="news-points"><li>Lookonchain noted in a tweet today that a whale closed a large ETH short position.</li><li>According to the firm, the position was closed at a loss of approximately $1.88 million.</li><li>At press time, ETH was trading at $1,944.55 after it increased by 1.57%.</li></ul>The blockchain tracking firm Lookonchain tweeted earlier today that a whale, who had entered into a short position for <a href="https://coinedition.com/tag/ethereum-eth/" rel="noopener noreferrer nofollow">Ethereum (ETH)</a> on 15 June 2023, had closed its short position a few hours ago. According to the post, the whale decided to close the position at a loss of approximately $1.88 million.The leading altcoin’s price gained more than 1% over the past 24 hours according to CoinMarketCap. At press time, the crypto was trading at $1,944.55 after it increased by 1.57%. This positive daily performance had added to ETH’s already-positive weekly performance, which stood at +3.48% as a result.<div class="wp-block-image"><figure class="aligncenter size-full is-resized"><img src="https://coinedition.com/wp-content/uploads/2023/07/eth-113232.png" alt="" class="wp-image-304994" width="700" height="600"><figcaption class="wp-element-caption">Daily chart for ETH/USDT (Source: TradingView)</figcaption></figure></div>From a technical perspective, <a href="https://coinedition.com/ethereum-eth-price-prediction/" rel="noopener noreferrer nofollow">ETH’s price</a> was trading above the key $1,934.20 mark after it had flipped the resistance level into support over the past 24 hours. There was some selling pressure present at press time, which was evident by the wick above today’s daily …The post <a href="https://coinedition.com/whale-closes-sizable-eth-short-at-a-1-88m-loss-on-chain-data/" rel="noopener noreferrer nofollow">Whale Closes Sizable ETH Short at a $1.88M Loss: On-Chain Data</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Whale Closes Sizable ETH Short at a $1.88M Loss: On-Chain Data

Coin Edition

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