According to EmberCN on Twitter, a whale who previously shorted ETH at the $1,800 resistance level changed strategy by aggressively shorting during a price drop, borrowing 6,000 ETH ($10.58M) to sell at $1,764.7. As ETH rebounded shortly after, the whale now sits on an unrealized loss of $186,000. This behavior signals heightened risk for traders copying similar momentum shorts and suggests a potential short squeeze environment if ETH maintains strength above $1,760 (source: EmberCN, Twitter, May 1, 2025).

According to Lookonchain, a whale recently sold 2,056 ETH valued at $3.27 million at a price of $1,591 per ETH approximately 10 hours ago. The whale also proceeded to short Ethereum with 10x leverage on the HyperLiquid platform. This significant trading activity could indicate a bearish outlook on Ethereum's price in the short term. Traders should monitor ETH's price movements closely for potential volatility.