Introduction
Ethereum is showing renewed strength as it rebounds from recent lows below $3,300, with bulls now targeting $3,600 and potentially $4,000. The recovery gains significant credibility from on-chain data revealing that the notorious Anti-CZ Whale—a trader known for profitable contrarian moves—has flipped from short to long on ETH, signaling growing confidence in the asset’s recovery potential and potentially hinting at an upcoming market reversal.
Key Points
- The Anti-CZ Whale holds 32,802 ETH worth $119.6M with $15M+ unrealized profit after flipping from short to long
- Ethereum rebounded from $3,200 lows to challenge $3,600 resistance, forming a higher low pattern suggesting potential trend reversal
- The whale maintains selective strategy—bullish on ETH while keeping profitable short positions on speculative assets ASTER and PEPE
The Anti-CZ Whale's Strategic Pivot
According to new on-chain data shared by Lookonchain, the trader known as the Anti-CZ Whale has once again demonstrated sharp market timing with a significant strategic shift. After shorting Ethereum during last week’s market correction, this closely watched investor has now flipped bullish, opening a major long position that reflects growing confidence in the asset’s recovery. The data reveals that the whale currently holds 32,802 ETH, valued at approximately $119.6 million, with more than $15 million in unrealized profit already generated from this position.
This strategic pivot came shortly after Ethereum’s rebound from its recent lows near $3,200, suggesting the trader anticipated a relief rally as selling pressure began to ease. What makes this move particularly significant is the whale’s established reputation for trading against major narratives, most notably his successful short on ASTER after Changpeng Zhao (CZ), Binance’s former CEO, tweeted about buying the token. The timely short on ASTER proved highly profitable and reinforced the whale’s status as a contrarian yet precise market player.
The whale’s current positioning indicates a selective, tactical approach rather than a broad market shift. While taking a bullish stance on Ethereum, the Anti-CZ Whale continues to maintain profitable short positions in other assets, specifically ASTER and PEPE. This suggests confidence in Ethereum’s recovery potential while maintaining caution toward more speculative altcoins, potentially signaling that smart money is beginning to rotate back into high-conviction assets as market sentiment stabilizes.
Ethereum's Technical Recovery Pattern
Ethereum’s price action on the 4-hour chart shows a notable recovery following last week’s sharp decline that pushed prices below the $3,300 level. After finding strong buying interest near $3,200, ETH has rebounded toward the $3,600 region, which represents a key short-term resistance level. This rebound coincides with increased trading volume, suggesting renewed confidence among bulls after several days of panic-driven selling across the crypto market.
The technical structure now shows early signs of a potential trend reversal, with Ethereum forming a short-term higher low pattern as buyers successfully defended the $3,350–$3,400 support zone. This pattern development, combined with the Anti-CZ Whale’s substantial long position, provides technical validation for the recovery narrative. If current momentum continues, the next target for bulls lies near $3,800, where previous breakdowns occurred during the recent correction phase.
However, Ethereum still faces significant challenges ahead in its recovery path. The broader crypto market remains fragile, and ETH has yet to reclaim its 200-period moving average, which currently acts as dynamic resistance. Failure to sustain momentum above the $3,600 level could lead to renewed selling pressure, potentially retesting support near $3,250. A clear break and close above $3,800 would be necessary to confirm a bullish continuation toward the psychologically important $4,000 mark.
Market Implications and Sentiment Shift
The Anti-CZ Whale’s substantial long position on Ethereum, valued at nearly $120 million, serves as a strong contrarian indicator at a time when market sentiment is beginning to stabilize. This move is particularly noteworthy given the whale’s track record of profitable trades against prevailing market narratives. The timing of the position—initiated during Ethereum’s rebound from recent lows—suggests sophisticated market timing and could influence other institutional and large-scale traders.
As liquidity begins to rotate back into major altcoins, Ethereum’s price action in the coming days will be crucial in determining whether this current bounce evolves into a sustained uptrend. The combination of improving technical structure, increased trading volume, and smart money positioning creates a compelling case for Ethereum’s recovery potential. The $4,000 level remains the next major objective that could confirm a definitive shift in market momentum if successfully conquered.
The selective nature of the Anti-CZ Whale’s current portfolio—bullish on Ethereum while maintaining short positions on more speculative assets like ASTER and PEPE—highlights a nuanced approach to market recovery. This strategy suggests that while confidence is growing in established assets like Ethereum, caution remains toward the broader altcoin space. As the market continues to navigate uncertainty, the actions of influential traders like the Anti-CZ Whale will be closely watched for signals about the direction of the next major market move.
📎 Source reference: newsbtc.com