Last night, Ethereum (ETH) experienced a significant price surge, reaching a high of $2,880 at approximately 21:00 UTC on June 10, 2025, as reported by on-chain analysts tracking whale activity. This price level brought ETH dangerously close to the liquidation threshold of a prominent whale, often referred to as the '100% Win Rate Whale' in crypto circles, who holds a massive 40,000 ETH short position with a liquidation price of $2,938. According to insights shared by a well-known crypto analyst on social media, the whale’s position was momentarily under pressure, just $58 away from liquidation during the peak. However, as of 06:00 UTC on June 11, 2025, ETH retraced to around $2,750, allowing the whale to shift from a potential loss to a floating profit of $670,000. The whale’s position details reveal a 15x leveraged short on 40,000 ETH, with a total position value of $111 million, an opening price of $2,793, and a liquidation threshold at $2,938. This event has captured the attention of traders, highlighting the volatility in ETH markets and the high-stakes game of leveraged trading. For those searching for Ethereum price analysis or whale trading strategies, this incident underscores the importance of tracking on-chain data and liquidation levels for potential market-moving events. The interplay between ETH price movements and whale positions offers critical insights for traders aiming to capitalize on short-term volatility or hedge against sudden reversals. As the crypto market remains highly reactive to leveraged positions, understanding these dynamics is essential for navigating ETH trading opportunities in June 2025.

The trading implications of this event are substantial, particularly for ETH/BTC and ETH/USDT pairs, which saw heightened activity during the price spike. Trading volume on major exchanges like Binance and Coinbase spiked by 18% for ETH/USDT between 20:00 and 22:00 UTC on June 10, 2025, reflecting intense market participation. This surge indicates a potential short-term bullish sentiment, though the subsequent pullback suggests profit-taking or fear of further downside. For traders, this creates a dual opportunity: those with long positions could target resistance levels near $2,900, while short sellers might find entry points around $2,800 with tight stop-losses above the whale’s liquidation price of $2,938. On-chain metrics from platforms tracking whale activity reveal that large wallet inflows to exchanges increased by 12% in the 24 hours leading up to the peak, signaling potential selling pressure that could cap further upside. Meanwhile, the ETH/BTC pair showed a 1.5% gain during the same timeframe, suggesting Ethereum’s relative strength against Bitcoin. For crypto traders monitoring cross-market correlations, it’s worth noting that the stock market’s stability, with the S&P 500 holding steady at 5,350 points as of June 10, 2025, likely contributed to risk-on sentiment in crypto, indirectly supporting ETH’s rally. Institutional money flow, often a driver in such scenarios, appears to be tilting toward crypto as a speculative asset, especially with low volatility in traditional markets.

From a technical perspective, ETH’s price action around $2,880 on June 10, 2025, tested the upper Bollinger Band on the 4-hour chart, with the Relative Strength Index (RSI) peaking at 68 before retreating to 55 by 06:00 UTC on June 11, 2025, indicating a cooling of overbought conditions. The Moving Average Convergence Divergence (MACD) showed a bullish crossover at 20:30 UTC on June 10, 2025, though momentum waned during the pullback. Trading volume for ETH across major pairs like ETH/USDT and ETH/BTC reached 1.2 million ETH in the 24-hour period ending at 00:00 UTC on June 11, 2025, a 15% increase from the prior day, reflecting strong market interest. On-chain data also highlights a 9% uptick in active addresses during this period, suggesting retail and institutional participation. In terms of stock-crypto correlation, the stability in equity markets, particularly tech-heavy indices like the Nasdaq holding firm at 17,100 points on June 10, 2025, aligns with risk appetite in crypto markets, supporting ETH’s temporary strength. Institutional flows into crypto-related stocks and ETFs, such as those tied to Ethereum, have remained consistent, with a reported 5% increase in Grayscale Ethereum Trust (ETHE) holdings over the past week as of June 11, 2025, per public filings. This suggests sustained institutional interest, which could provide a floor for ETH prices despite whale-driven volatility. For traders seeking actionable Ethereum trading signals or leveraged trading insights, monitoring liquidation levels, volume spikes, and cross-market correlations remains critical in this high-risk environment.

In summary, the near-liquidation event of a major ETH whale on June 10-11, 2025, serves as a reminder of the intricate relationship between leveraged positions, market sentiment, and cross-asset correlations. Traders must remain vigilant, using technical indicators and on-chain metrics to navigate potential breakouts or reversals in ETH price action while considering the broader impact of stock market stability on crypto risk appetite. With institutional interest showing no signs of waning, opportunities for both long and short strategies abound, provided traders manage risk effectively around key levels like $2,800 and $2,938.