$ETH

Ethereum whale opens $11M leveraged bet amid ETH price’s 30% rise potential

ETH price rising to around $2,850 drove the whale’s $11 million leveraged long into $366,000 paper profit.

An Ethereum whale opened a $11.15M leveraged long position just as ETH broke out of a bull flag.

ETH’s price surged above $2,850, pushing the whale’s trade into a $366K unrealized profit.

Ethereum options skew turned sharply negative, indicating growing bullish trader positioning.

A high-stakes Ether

ETH $2,854

long trade is making waves just as the cryptocurrency breaks out of a key technical pattern, fueling expectations of a 30% price rally toward $3,670.

$11M leveraged ETH long signals bullish sentiment

On June 10, an Ethereum whale opened a $11.15 million long position on ETH with 25x leverage, amounting to a 4,000 ETH bet placed at an entry price of $2,758.35.

Ethereum options data: traders are short-term bullish

Ethereum’s options market has turned decisively optimistic in the past 48 hours.

The 25-delta skew, which measures the difference in pricing between bullish calls and bearish puts, has shifted sharply lower since June 9.