Ethereum Super Bull? New Whale Opens 16,270 ETH Long
Analysis
Price Impact
HighA brand new whale has opened a significant long position of 16,270 eth ($33.38 million) with 20x leverage on hyperliquid. this substantial capital injection by a new, large player signals strong bullish conviction, especially as ethereum tests crucial support levels around $2,000.
Trustworthiness
MedThe on-chain data from lookonchain confirming the whale's position is reliable. however, the overall impact of a single, highly leveraged whale position on the entire eth market remains speculative and carries inherent risks, such as potential liquidation if the market moves unfavorably.
Price Direction
BullishThe whale's action of opening a massive leveraged long is a strong bullish indicator, suggesting an expectation of price appreciation. if other market participants perceive this as a strong signal, it could contribute to buying pressure, especially if the $2,000 support level holds.
Time Effect
ShortHighly leveraged positions (20x) are typically designed to capitalize on short-to-medium term price movements and volatility. the immediate focus on key support/resistance levels ($2,000, $2,150) mentioned in the analysis also points to a shorter-term outlook for potential price action.
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Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Read U.TODAY on Google News After a relatively quiet start to the week, Ethereum slid in the early Tuesday session, falling to a low of $1,994. At the time of writing, Ethereum remains in red, down 1.28% in the last 24 hours to $2,010 and down 12.26% weekly. Advertisement Amid the Ethereum price drop, a brand new whale's contrarian strategy is catching attention on the market. In a recent tweet, Lookonchain reported that a newly created wallet deposited 12.88 million USDC into Hyperliquid to go long on ETH with 20x leverage. So far, he has opened a long of 16,270 ETH worth $33.38 million. This singular action is prompting speculation of the ETH trader being a "super bull." HOT Stories Morning Crypto Report: $140,953,609 Bitcoin (BTC) Whale Breaks 2019 Silence, XRP Opens Rare 5% Setup Window, Sam Bankman-Fried Claims 'FTX Was Never Bankrupt' Ripple’s CTO Emeritus Defends XRP Genesis Against Centralization Claims Another $ETH super bull is here. A newly created wallet, 0x6C85, deposited 12.88M $USDC into #Hyperliquid to go long $ETH with 20x leverage. So far, he has opened a long of 16,270 $ETH ($33.38M) https://t.co/1BJDwmip6z?from=article-links pic.twitter.com/qcS0behdMW — Lookonchain (@lookonchain) February 10, 2026 "Another ETH super bull is here. A newly created wallet, 0x6C85, deposited 12.88 million USDC into Hyperliquid to go long ETH with 20x leverage. So far, he has opened a long of 16,270 ETH($33.38 million)," Lookonchain reported. Advertisement All eyes on $2,000? As the Ethereum price trades sideways in the last four days between $1,994 and $2,150, a crucial level has come into focus. According to Ali Charts, all eyes are on $2,000 for Ethereum (ETH), with two potential scenarios presented, which is either a rebound or a breakdown. Advertisement You Might Also Like Mon, 02/09/2026 - 16:03 Ethereum (ETH) Price Analysis for February 9 By Denys Serhiichuk If the Ethereum price decisively closes above $2,150, it may further climb to $2,447. This remains a crucial barrier, as a break above it suggests that the bearish momentum may be waning. The Ether price may then rise to the 50-day SMA at $2,877. A loss of the $2,000 level might put Ethereum at risk of a breakdown. If this happens, Ethereum might target $1,750 and then $1,537. Derivatives data indicate clear risk-off sentiment coupled with declining open interest and negative funding rates. This week, markets are expecting a backlog of data delayed by the partial government shutdown, which might impact volatility. Among the key releases is the January nonfarm payrolls report, now scheduled for Wednesday after being postponed from last Friday. Attention will also turn to January consumer price data, due Friday. There will also be data on weekly initial jobless claims on Thursday. #Ethereum #Ethereum News #Hyperliquid #Ethereum Price Prediction