Top-performing whales are going all-in on #Ethereum long positions, with over $425 million in exposure. These "smart whales" have opened leveraged long positions totaling 136,433 $ETH , worth approximately $425.98 million. Some notable investors include :
- BitcoinOG: Long 54,277 ETH, valued at around $169.48 million
- Anti-CZ : Long 62,156 ETH, worth approximately $194 million
- pension-usdt.eth: Long 20,000 ETH, valued at around $62.5 million
- 0xBADBB: Long $189.5 million in ETH using two accounts
This significant investment surge indicates confidence in Ethereum's recent price rebound above $3,000 and suggests a potential target of $4,030, representing a 28% increase from current levels. The Relative Strength Index (RSI) has also improved, rising from oversold conditions (28) to a neutral 50, indicating increased upward momentum .
Key Resistance Levels:
- $3,250: Breakout level for ascending triangle pattern
- $3,350-$3,550: Resistance zone with 50-day and 100-day SMAs
- $3,800: 200-day SMA
Market Outlook:
The coordinated positioning of these whales reflects a broader institutional bid, with BitMine adding $199 million in ETH last week, bringing its total holdings to 3.73 million ETH ($13.3 billion). This signals renewed confidence in Ethereum's medium-term upside, driven by tokenized real-world assets (RWAs) and institutional demand .
