Ethereum Price Prediction: October 10 ‘Big Short’ Whale Opens Massive Long Position on ETH

Markets 2025-11-13 10:51

Ethereum (ETH) has been struggling to recover from the hit it took in the past few weeks, after President Donald Trump announced a 100% tariff increase on Chinese imported goods.

Back then, a whale accurately timed the President’s announcement and profited from the decline that came after.


This same wallet has now opened a big long position. According to data from Crypto Rover, this whale bought around $190 million worth of Ethereum (ETH) perpetual futures at $3,467, positioning for an upcoming climb in the token’s price.

What is this trader expecting? Today, the U.S. Senate has sent a new bill to the House of Representatives to put an end to what has been the longest government shutdown in the history of the country.

The Senate approved the bill with a 60-40 vote, backed by a handful of Democrats and almost all Republicans on the floor. If the House passes the bill, the market could jump right after, as a lot of dry powder may be waiting on the sidelines for a resolution.

In addition, inflation numbers for November will be released on Friday. If prices increase at a slower pace than analysts expected, this could also help fuel the next leg up for cryptos, including Ethereum, as it would raise the odds of a December rate cut by the Federal Reserve.

Ethereum Price Prediction: ETH Needs to Climb Above $4,000 Again to Get Things Moving

On a year-to-date (YTD) basis, ETH is still in positive territory with a 7% gain. The token managed to stage a strong comeback after hitting a yearly low of $1,400 in early April.

Ethereum Price Prediction: October 10 ‘Big Short’ Whale Opens Massive Long Position on ETH

This whale may be expecting a break above a descending price channel that has formed since ETH hit $4,700 for the last time in the first couple of days of October. The $3,200 area acted as support during the latest sell-off, making it the key level to watch as the week progresses.

The price is now touching the 200-day exponential moving average (EMA), retesting it from below. If it rejects a move above this key line, this could mean that the downtrend will continue toward the $2,800 area, most likely.

In contrast, if we get a bullish breakout above this level, chances are that ETH will hit $4,200 first in the near term, followed by a full-blown recovery to $4,800 in the next few days.

This whale seems to believe in a bullish Ethereum price prediction. The last time it opened such a massive position, it was right.

Apart from Ethereum, top crypto presales like Bitcoin Hyper ($HYPER) could dazzle investors if the market starts to recover. This hidden gem will soon launch the first true Bitcoin layer-2 scaling protocol to kickstart a new era for BTCFi.

Bitcoin Hyper ($HYPER) Brings Speed, Scalability, and Smart Contracts to the Top Blockchain

Bitcoin Hyper ($HYPER) is redefining what Bitcoin can do by launching the first true Layer 2, capable of processing thousands of transactions in seconds, at a low cost.

Ethereum Price Prediction: October 10 ‘Big Short’ Whale Opens Massive Long Position on ETH

The project tackles Bitcoin’s biggest pain points — slow transactions, high fees, and lack of programmability — while opening the door for smart contracts and DeFi directly on the Bitcoin network.

The result? Faster, cheaper, and more energy-efficient transactions powered by a low-latency design built on the Solana blockchain. The Hyper Bridge will be equipped to receive BTC tokens safely in a designated Bitcoin wallet and mint the corresponding amount of the Hyper L2 with near-instant finality.

Once in there, users can earn yield, stake, and lend their assets without leaving the Bitcoin OG blockchain. Developers can finally build dApps, while users will benefit from a more versatile and efficient ecosystem.

Analysts believe that, once top exchanges and wallets embrace the solution, the demand for its utility token – $HYPER – will skyrocket.

To buy $HYPER before the next price increase, head to the Bitcoin Hyper official website and connect your wallet. You can either swap USDT or SOL for this token or use a bank card instead.

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This content is for informational purposes only and does not constitute investment advice.

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