‘OG whale’ who called the October crash has a $44.5M long on Ether

💡 DMK Insight

Whale activity is heating up, and here’s why that matters for ETH: The Hyperliquid whale’s recent $10 million addition to its long position at ETH $2,915.15 signals strong bullish sentiment. This kind of buying power can create upward pressure on prices, especially if other market participants follow suit. Given that this whale previously capitalized on the October crash, their confidence suggests they foresee further gains in the near term. Traders should keep an eye on key resistance levels around $3,000. If ETH can break through this psychological barrier, it could trigger a wave of buying, potentially leading to a rally. Conversely, if ETH fails to maintain momentum and dips below $2,850, it could indicate a shift in sentiment, prompting profit-taking or further selling. Watch for volume spikes as a confirmation of any breakout or breakdown; these could provide critical insights into market direction in the coming days.