On the 10th, an Ethereum whale opened a long position worth $11.15 million, leveraging 25x. The average entry price was $2,758.35, with the overall
The position size is about 4,000 ETH. Then, on the 11th, the price of ETH broke through the $2,850 level, and the whale recorded an unrealized profit of $366,000.
The liquidation price of the transaction was $2,466, which is not a large risk margin, but at the same time is interpreted as a signal of strong confidence in the upside. The market is expected to see ETH rise by 30% to $3,670.
The recent price increase is also largely due to expectations that the Federal Reserve Board (FRB) will cut interest rates as inflation in the United States eases.
The options market also reflects Ethereum’s bullish outlook in the short term, with downside puts against upside calls, according to Glassnode.
Ethereum’s 25-delta skew, a gauge of demand for the cryptocurrency, fell sharply, indicating traders are betting on a short-term upswing.
This widening negative skewness means that demand for short-term call options is surging, meaning market participants are looking to buy short-term ETH prices.
The analysis places emphasis on the upside potential. From a technical perspective, Ethereum continues to show bullish momentum, Cointelegraph reported. ETH has recently been under pressure from the “bull flag”
The "all flag" pattern upper limit was breached, which led to an increase in buying interest and trading volume. If this pattern holds, ETH could rise to around $3,670 by the end of June.
This is equivalent to a 30% upside potential from the current price. Ethereum is seeing favorable developments such as the Pectra upgrade (May) and foundation restructuring (June).
Based on this, it has risen by more than 100% in the last two months. Some institutional analysts, such as Standard Chartered, have predicted that Ethereum will reach 2025.
It is expected to surpass $4,000, and some fractal-based analysis has even pegged it at $5,000-$6,000 based on similarities with the gold price trend.
2025/06/12 15:33 KST
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