Key takeaways:
-
An Ethereum whale opened a $ 11.15m leveraged long position like ETH exploded from a bull flag.
-
The ETH price moved above $ 2,850, pushing the whale trade to a $ 366K that had not realized that income.
-
The Ethereum skew options are turned negatively, indicating the growing position of the bullish trader.
A high-stake ether (Eth) Long trade produces waves as the cryptocurrency devastates from a major technical pattern, the care of expectations of a 30% price rally towards $ 3,670.
$ 11m Leveraged Eth Long Signals Bullish Sentiment
On June 10, an Ethereum Whale opened a $ 11.15 million long position with ETH with 25X leverage, worth a 4,000 ETH bet placed at an entry price of $ 2,758.35.
Ether price climbed around $ 2,850 on June 11, driven higher by hoping that the Federal Reserve would cut off interest rates following the Inflation cooling data.
The rising price of ETH has sent the whale position to a deeper income territory. At the current levels, the whale is sitting with an undeniable gain of approximately $ 366,600.
The position carries a $ 2,466 extermination price, which offers a relatively tight margin for the error but also emphasizes high confidence in the reverse move.
Ethereum Options Data: Entrepreneurs are short -term bullish
The Ethereum market options have certainly been optimistic in the past 48 hours.
The 25-Delta skew, which measures the pricing variation between bullish calls and bearish, has changed less from Monday.
1 -week skew dropped to -7.0% from -2.4%, while 1 -duration skew refused to -6.1% from -5.6%, according to Glassnode data.
Such a deepening of the negative skew reflects the rising demand for short -term call options, suggesting that traders are increasingly positioning for nearby.
Ethereum Bull Flag Breakout raises a 30% potential rally
ETH price has climbed more than 100% in the past two months, driven primarily by Upgrading PECTRA by Ethereum In early May and its core Foundation repair in early June.
On Monday, Ether broke more than what appears to be a bull flag pattern, followed by an ongoing increase in prices and quantities.
Breakout and rising trading volume indicate a strong businessman’s businessman whose ETH price can raw to the target bull flag of approximately $ 3,670, up to 30% from current levels by the end of June.
Related: Ethereum network growth, Spot ETF ETF inflows and prices are attracting new investors
There are many analysts, including Standard charteredwas more staring at an ETH price move to $ 4,000 in 2025. Some fractal studies, with an associated with gold, even guessing cryptocurrency in Press $ 5,000- $ 6,000 In the coming months.
This article does not contain investment advice or recommendations. Every transfer of investment and trading involves risk, and readers should conduct their own research when deciding.
