Ethereum Whales Bet Big on $4K ETH – Are They Smarter Than You?

Ethereum whales have opened massive long positions on Ether (ETH), totalling $425.98 million, in what looks like a bold bet that the downside is over. 🐋💸 (Or maybe they’re just trying to keep up with the market’s mood swings.)

Key takeaways:

Ethereum whales opened leveraged long positions totaling $426 million. (Because who doesn’t want to bet big on a cryptocurrency that’s been all over the place?)
Ether’s ascending triangle targets $4,030 ETH price. (Because nothing says ‘confidence’ like a triangle that might not hold.)

Top traders open new ETH long positions

Data from CryptoMoon Markets Pro and TradingView showed the ETH/USD pair trading at $3,140, 20% above the $2,621 low reached on Nov. 21. 📈 (Or just a temporary reprieve before the next crash. We’ll see.)

Holding above $3,000, Ether offered some cause for optimism ahead of some key volatility triggers. (Because nothing says ‘optimism’ like a 20% bounce from a 40% drop. 🤷‍♀️)

The Fed rate cut decision is expected on Wednesday, Dec. 10, where markets are pricing in a 25-basis-point rate cut. (Because nothing says ‘economic stability’ like a 25-basis-point cut. We’re all just waiting for the next rollercoaster.)

As market participants waited for triggers, attention has shifted to three “smart” whales with impressive track records, who have opened long positions, totaling 136,433 ETH, worth about $425.98 million, according to data from Lookonchain. (Or maybe they’re just following the herd. 🐖)

One whale, BitcoinOG (1011short), has a long position of $169 million in ETH, while Anti-CZ has a long exposure of $194 million. (Because nothing says ‘I’m a crypto legend’ like a username that’s basically a phone number.)

Smart whales are all unanimously going long on $ETH!#BitcoinOG(1011short), with $105M in total PNL, is long 54,277 $ETH($169.48M).

Anti-CZ whale, with $58.8M in total PNL, is long 62,156 $ETH($194M).

pension-usdt.eth, with $16.3M in total PNL, is long 20,000 $ETH($62.5M).…

– Lookonchain (@lookonchain) December 8, 2025

A third whale, pension-usdt.eth, is long 20,000 ETH, worth approximately $62.5 million at current rates. (Because who needs a real job when you can just hold crypto? 💸)

Besides these whales, Arkham Intelligence noted that another whale, “0xBADBB,” is using two accounts to go long for a total of $189.5 million in ETH. (Because why have one wallet when you can have two? 🤯)

These moves coincide with BitMine’s continued push into Ethereum. Last week, the company added $199 million more ETH, bringing its total holdings to 3.73 million ETH ($13.3 billion), thereby cementing its position as the largest corporate holder of ETH. (Because nothing says ‘trust’ like a company holding 3.73 million ETH. 🧠)

This reinforces the narrative that whales and institutions view the recent ETH price rebound above $3,000 as a good entry point. (Or they’re just trying to look smart. 🤡)

Ether’s ascending channel targets $4,000 ETH price

Ether’s price action has formed a classic ascending triangle on the daily chart, as shown below. The break above the multimonth downtrend line on Dec. 2 increased the prospects of a sustained recovery. (Or it could just be a setup for a bigger fall. We’ll see.)

The pattern will resolve once the price breaks above the triangle’s resistance line at $3,250. If this happens, the price could rise by as much as the maximum distance between the triangle’s trendlines. (Because nothing says ‘confidence’ like a triangle that might not hold. 🤷‍♂️)

That puts Ether’s breakout target at about $4,020, up by more than 28% from current price levels. (Or a 28% drop if the triangle collapses. 🧨)

The relative strength index has increased to 50, from oversold conditions at 28 on Nov. 28, suggesting increasing upward momentum. (Or just a temporary reprieve before the next crash. 🐧)

However, the recovery could be curtailed by resistance from the $3,350-$3,550 resistance zone, where both the 50-day and 100-day SMAs currently sit. Beyond that, the next major hurdle is the 200-day SMA at $3,800. (Because nothing says ‘hope’ like a series of resistance levels. 🤞)

2025-12-08 12:24

Top traders open new ETH long positions

Ether’s ascending channel targets $4,000 ETH price

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