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Ethereum ‘smart’ whales open $426M long bets as ETH price chart eyes $4K
Ethereum whales have opened massive long positions on Ether, totalling $425.98 million, in what looks like a bold bet that the downside is over. Data from Cointelegraph Markets Pro and TradingView showed the ETH/USD pair trading at $3,140, 20% above the $2,621 low reached on Nov. 21. Holding above $3,000, Ether offered some cause for optimism ahead of key volatility triggers.A Fed rate cut decision is expected on Wednesday, and markets are pricing in a 25-basis-point rate cut. As market participants waited for triggers, attention has shifted to three “smart” whales with impressive track records, who have opened ... (full story)
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