A trader on Hyperliquid with only a single losing position across 15 recorded trades has opened Ethereum (ETH) long positions worth $60.7 million, according to a COINOTAG report published on October 13, 2026.

Ethereum Trades Near Watched Support Band

In a 12:48 UTC update, COINOTAG reported that by 15:50 UTC, Ethereum was trading near $2,530, hovering just above the closely watched $2,495 to $2,500 support band. The asset posted a 24-hour change of approximately -1.5%, a decline that came amid broader market fallout following a 6% drop in South Korea's KOSPI index.

Support bands are price zones where buying interest has historically tended to concentrate, which is why levels near the $2,500 mark are commonly monitored reference points for Ethereum traders.

Background: Hyperliquid and Whale Tracking

Hyperliquid is a decentralized exchange focused on perpetual futures. Trading activity on the platform is transparent, with open positions and traders' performance histories publicly viewable on-chain. That visibility is what allows market observers to track large "whale" positions — as well as win-loss records such as one loss in 15 trades — in real time.

Ethereum, the second-largest cryptocurrency by market capitalization, is among the most actively traded assets on perpetual futures venues. The reported position size and trading history describe the trader's recorded exposure and past activity, but they do not establish how the position will perform or indicate the trader's identity.

KOSPI Decline Ripples Through Markets

Per the report, the latest weakness in crypto markets followed a 6% decline in the KOSPI, South Korea's benchmark stock index, with the fallout extending across the broader market.

This content was first published on COINOTAG: https://en.coinotag.com/hyperliquid-whale-60-7m-ethereum-eth-longs