<ul data-eligibleForWebStory="true"><li>Ethereum's ETH is trading above $2,200 after dropping to the $2,100 range on Sunday.</li><li>Whales have opened $100 million worth of leveraged bets, predicting Ether to bounce back post the United States' strike on Iran's facilities.</li><li>Despite a recent 14% decline in Ether's value, whales remain bullish with one opening a $101 million long position with 25x leverage.</li><li>64% of top traders are currently shorting major cryptocurrencies, while only 36% are holding onto long positions.</li><li>ETH/USD pair faces a critical juncture, with bulls defending the $2,100 support level amid technical indicators showing a bearish trend.</li><li>Failure to hold the $2,100 support could lead to a drop towards $1,887, a level not seen since May.</li></ul>

Will ETH bounce back soon as whales open $100M worth of leveraged bets?

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