$ETH

Ethereum Whale Activity and Market Sentiment

An Ethereum whale initiated an $11.15 million leveraged long position as ETH surpassed $2,850, resulting in a $366,600 unrealized profit. The options market displayed increased bullish sentiment, with the 25-delta skew turning negative, indicating demand for short-dated call options. The price surge, fueled by optimism around Federal Reserve rate cuts, follows a breakout from a bull flag pattern, suggesting a potential 30% rally toward $3,670 by month-end. Analysts anticipate further growth, with some projecting ETH could reach between $5,000-$6,000 in the coming months. Readers are advised to conduct their own research before investing.