Key takeaways:
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An Ethereum Whale opened a geared long position of $ 11.15 million. Lie just like Eth broke out of a bull flag.
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ETH’s price rose over $ 2,850 and pushed the whale’s trade into an unrealized profit of $ 366k.
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Ethereum options crookedly became sharply negative, indicating growing bullish trader positioning.
A long effortser (ETH) long trade creates waves, just as cryptocurrency breaks out of an important technical pattern, which burns expectations at a 30% price rally against $ 3,670.
11 million
On June 10, an Ethereum Whale opened a $ 11.15 million long position on ETH with 25x leverage, equivalent to a 4,000 ETH insert, placed at an input price of $ 2,758.35.
Ether Price rose to around $ 2,850 on June 11, driven higher by hope that the Federal Reserve would reduce interest rates after the cooling inflation data.
ETH price increase sent the whale’s position to a deeper profit area. At present levels, the whale sits on an unrealized gain of approximately $ 366,600.
The position has a liquidation price of $ 2,466 that offers a relatively tight margin for errors, but also emphasizes high conviction in the head.
Ethereum options Data: Dealers are short-term bullish
Ethereum’s opportunity market has been decisively optimistic for the last 48 hours.
The 25-Delta bias that measures the difference in pricing between bullish calls and bearish puts has changed sharply lower since June 9.
The skew of the 1 -week dropped from -2.4% to -7.0%, while the skew of the 1 -month fell from -5.6% to -6.1%, according to Glassnode -Data.
Such an in -depth negative skew reflects the rising demand for short -dated call options, suggesting that dealers are increasingly positioning themselves in the short term.
Ethereum Bull Flag Breakout Raises 30% Rally Potential
ETH’s price has risen more than 100% over the past two months, primarily driven by Ethereum’s Pectra upgrade in early May and its core foundation restructuring in early June.
On June 9, Ether broke over what appears to be a bull flag pattern, followed by a continued increase in prices and quantities.
Breakout and rising trading volume indicate strong trader conviction that the ETH prize could collect against the bull flag of about $ 3,670, an increase of 30% from the current levels at June’s end.
Related: Ethereum -Network growth, Spot ETH Etf -Influor and Price Gains Lure New Investors
Many analysts, including standard charter, look further on an ETH price movement against $ 4,000 in 2025. Some fractal analyzes, with a related to gold, even predicts cryptocurrency to hit $ 5,000-6,000 in the coming months.
This article does not contain investment advice or recommendations. Each investment and trade movement involves risk, and readers should make their own research when making a decision.