Key Insights:
- A trader closed a $75M ETH long position, taking a $2.1M loss due to market downturn.
- Ethereum dropped after testing $3000, with a current price of $2,826 and 3.07% loss.
- Ethereum’s strong outflows could push its price lower, but consolidation near $2900 is possible.
- Ethereum’s 24-hour trading volume stands at $26.07B, showing active market participation.
A prominent Ethereum trader closed a large position in Ethereum (ETH) at a loss. At the time of writing, Ethereum’s price was around $2,826, reflecting a 3.07% drop in the last 24 hours.
Ethereum Market Movements and Stop-Loss Trigger
A prominent trader has closed a $75M Ethereum (ETH) long position at a stop-loss. This move resulted in a $2.1M loss for the trader. The trader had held a 25,000 ETH position, had placed a stop-loss order to protect against further downturns.
🚨WHALE CLOSES 75M ETH LONG POSITION AT STOP LOSS
A trader closed a 25,000 $ETH ($75M) position at a stop-loss, taking a $2.1M loss as the market rebounded.
This ends his 12-trade winning streak, but total profit on Hyperliquid still stands at $23.9M. pic.twitter.com/gpXC65vKyY
— Coin Bureau (@coinbureau) December 18, 2025
Despite the setback, the trader’s overall success on the platform remains impressive. The losses from this particular trade did not overshadow the gains made in previous positions, with profits still holding strong at $23.9 million.
The position closure marks the end of the trader’s 12-trade winning streak. The trader’s move to exit at a stop-loss was a precautionary step to limit losses as the market turned against the position. Meanwhile, the Ethereum market recently saw a sharp drop, with prices falling below the $3,000 mark.
Ethereum’s Current Market Outlook
Ethereum’s price is currently testing key levels after facing downward pressure. The cryptocurrency dropped following a test of the $3000 mark. As ETH continues to show volatility, market analysts are watching for signs of either a breakout or consolidation.
Based on Blacksea, he expects an upside movement from this point, breaking $2900. He added that if Ethereum doesn’t break this level, consolidation near $2900 could follow. Ethereum has been seeing strong outflows, and if the price fails to hold, it could drop lower.
Ethereum Trading Volume and Market Activity
Ethereum trading volume has been active, with $26.07 billion in 24-hour transactions. The current trading volume reflects an active market, with many traders adjusting their positions. The asset price has seen some significant fluctuations, indicating that both buyers and sellers are actively engaging with the asset.
Despite the recent drop, Ethereum remains a key asset in the market. With ongoing market movements, it will be important to track any changes that might influence the price direction.
