$ETH Here's a brief summary of your market update with some additional context for clarity:

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Ethereum whale takes bold step amid bullish breakout

The Ethereum whale initiated a long position using leverage of $11.15 million just after ETH broke out of a bullish flag—a classic continuation signal for a bullish trend. The well-timed move quickly paid off, as ETH surged above $2,850, yielding the trader an unrealized profit of $366,000.

In addition to the bullish sentiment, the skew of Ethereum options has sharply turned negative, reflecting increased demand for call options and suggesting a shift towards more aggressive bullish positioning among traders.