Ethereum Whales Go Long With $426M, Eyeing $4K Surge

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ETH’s price rising to $3,000 drove whales to open 136,433 ETH long bets, as technical indicators suggest a short-term ETH price rally toward $4,000.

Ethereum whales have opened massive long positions on Ether, totalling $425.98 million, in what looks like a bold bet that the downside is over.

Ethereum whales opened leveraged long positions totaling $426 million.

Ether’s ascending triangle targets $4,030 ETH price.

Top traders open new ETH long positions
Data from Cointelegraph Markets Pro and TradingView showed the ETH/USD pair trading at $3,140, 20% above the $2,621 low reached on Nov. 21. 

Holding above $3,000, Ether offered some cause for optimism ahead of key volatility triggers.


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