A major Ethereum whale was liquidated for 28,716 ETH, equivalent to $69.69 million. Despite this substantial loss, the whale still holds 78,955 ETH in long positions worth approximately $195.57 million, continuing to bet on a market upswing. ETH price dropped from $2,700 earlier this week to around $2,499, with liquidation thresholds positioned precisely at $2,299 and $2,286. Key support levels are at $2,340 and $2,298, and a break below $2,400 would confirm the failure of the current bounce.
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