An Ethereum whale opened a leveraged long position of USD 11.15 million on June 10, just as ETH broke a bullish flag. The bet was made with 25x leverage, equivalent to 4,000 $ETH at an entry price of USD 2,758.35.

The price of ETH rose to USD 2,850 on June 11, bringing the whale's position to an unrealized gain of approximately USD 366,600. However, the liquidation price of the position is USD 2,466, leaving a relatively narrow margin of error.

The Ethereum options market has shown a bullish bias in the last 48 hours, with an increase in demand for short-term call options. This suggests that traders are positioning themselves for a rise in the price of ETH, with expectations that it will reach USD 3,670 by the end of June.