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Ethereum battles at $1.8k as traders open $53M short and long positions amid market volatility

Technical Signals
13 Jul 2026
AMBCrypto
View Source
Neutral
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Ethereum failed to hold the $1.8k level, dropping to $1,773 before slightly recovering to around $1,780. Two major traders opened significant positions: one placed a $53.49 million 20x short bet, while another opened a $53.49 million 10x long bet, reflecting mixed market sentiment. Despite aggressive selling in derivatives markets and large outflows, momentum indicators suggest potential for a rebound if bulls regain control. The market remains volatile with a key battle between bears and bulls determining if ETH can reclaim $1.8k or fall below $1.7k.

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