Ethereum Whale Wagers $16.3 Million as ETH Holds Critical Support

* Bullish whale wagers $16.35 million on ETH long position. * 25x leveraged bet targets $4,300 resistance zone amid high risk. On August 19, 2025, Cointelegraph reported that an Ethereum whale placed a high-stakes $16.35 million leveraged long position on Ether (ETH), aiming for a price rebound toward $4,300. The trader entered the position at $4,229.83 per ETH with 25x leverage, a move that carries both sizable profit potential and significant liquidation risks. Using 25x leverage, a modest 1% price increase could secure over $163,000 in profit; conversely, a 4.34% drop to just below $4,046 would liquidate the entire position. Current technical patterns, however, support bullish momentum in the ETH market, which helps justify this calculated risk. According to Cointelegraph on August 19, technical indicators fuel optimism for the whale’s strategy, as a cluster of short liquidations between $4,300 and $4,360 could act as a “liquidity magnet,” pulling prices upward. If ETH reaches that target range, the trader’s unrealized profits could approach $450,000. Furthermore, Ethereum remains above its 20-day exponential moving average (EMA), a crucial support level. This position also aligns with the lower boundary of a developing falling wedge pattern, which traders often view as a precursor to bullish reversals. Broader market trends further solidify the bullish outlook, as Ethereum’s weekly resistance level at $3,900 to $4,000 has flipped into support. Although some analysts speculate a long-term price target of $8,000 if the cryptocurrency maintains its upward trajectory, the immediate focus remains on the critical resistance zone near $4,300. This level will either validate the whale's bet or trigger the position's liquidation. As of 19:15 UTC on August 19, market data showed Ethereum (ETH) trading at $4,124.79, down 5.35% over the past 24 hours.