Ethereum whales predict bloodbath in the altcoin bet on ETH price decline below $400

  • Ethereum network’s large wallet investors are betting on ETH price drop to the $400 level via put options. 
  • An order has been placed for 26,000 ETH put options with a strike price of $400, the options expire on June 30, 2023. 
  • ETH price needs to break past resistance between the $1,300 and $1,400 level to break out of its downtrend. 

Ethereum, the second-largest asset by market capitalization, is at the risk of decline. Based on options data, ETH is likely to…


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