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Ethereum gains as whale dumps $4.66M BTC to open $22.4M ETH long position

Market News
19 Jul 2026
AMBCrypto
View Source
Bullish
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Ethereum has shown strength by rebounding from $1800 to trade around $1866, up 1.7% daily. A whale sold 72 BTC worth $4.66 million and opened a 20x long position in 12,000 ETH valued at $22.4 million, already profiting $275k. Market data shows increased buying in Ethereum futures, with a Long/Short Ratio above 1 and strong momentum indicators suggesting a bullish trend. If ETH holds above $1875, it could surpass $1900 and continue its upward movement.

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