A trader opened a 20x short position of 30,000 ETH, with unrealized profits exceeding $1.587 million.

A quick breakdown of the impact: The news itself has limited impact and is more of a sentiment-driven disturbance. Price action is still primarily determined by technical structure.
$ETH Current price: 2,231.06; 24-hour range: 2,206.28–2,434.91.