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Ethereum whale sold $188M before crash, rebought at lower prices amid volatile recovery.

Technical Signals
08 Jun 2026
Crypto news
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Neutral
Ethereum whale sold $188M before crash, rebought at lower prices amid volatile recovery.

An early Ethereum investor sold $188 million worth of ETH, wrapped staked Ether, and wrapped Bitcoin before the recent market crash, then repurchased similar amounts at lower prices as the market recovered. This strategic move, described as a "perfect sell high, buy low," allowed the trader to regain exposure with less capital. Meanwhile, Ethereum's price rebounded near $1,666 but remains volatile, with a large short position still open and significant sell walls on exchanges. Falling exchange reserves suggest tighter supply, but market direction remains uncertain as resistance levels near $1,800 to $2,000 are tested.

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