As per TheCCPress, Ethereum whales have opened $426 million in leveraged long positions on derivatives platforms, pushing the price closer to $4,000. The three large traders collectively opened 136,433 ETH longs, according to Lookonchain. This move is expected to reduce exchange supply and increase price volatility amid rising open interest. The price has moved toward $3,000–$3,200 following the large-scale long positions, which align with on-chain analysis and macroeconomic factors. Whale actions historically correlate with market rallies, and this move is seen as a sign of renewed interest in Ethereum.
Ethereum Whales Open $426M in Long Positions Targeting $4,000
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