Ethereum Whale Opens $90M ETH Long Bet Amid 40% Price Rally Potential
Cointelegraph
An Ethereum whale has opened a $90.8 million long position, signaling confidence as technical charts suggest a potential ETH price target of $3,230.Summary
An Ethereum whale recently initiated a $90.8 million leveraged long position, reflecting strong bullish sentiment. This move aligns with technical analysis showing an ascending triangle pattern on the daily chart, which suggests a potential price breakout toward $3,230, representing a 41% gain. Institutional confidence is further supported by consistent net inflows into spot Ethereum ETFs, totaling $426 million over seven consecutive days.
(Source：Cointelegraph)