Main to remember::
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An Ethereum whale opened a position long of $ 11.15 million just as Eth broke out with a bull flag.
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The price of the ETH jumped above $ 2,850, pushing the whale trade into an unrealized profit of $ 366,000.
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Ethereum Sckew’s options have become strongly negative, indicating an increasing bullish trader positioning.
A long exchange of ether with high stakes makes waves as well as cryptocurrency leaves a key technical model, fueling the expectations of a price of 30% to $ 3,670.
$ 11 million lever effect of long signals
On June 10, an Ethereum whale opened a position of $ 11.15 million on the ETH with a 25x lever effect, a gam of 4,000 ETH placed at an entry price of $ 2,758.35.
The price of the ether climbed to around $ 2,850 on June 11, led to more hope that the federal reserve would reduce interest rates as a result of coolant inflation data.
The rise in ETH prices has sent the whale position in a deeper territory. At the current levels, the whale is seated on an unrealized gain of around $ 366,600.
The position brings a liquidation price of $ 2,466, offering a relatively tight margin of error, but also highlighting a high conviction in the upward movement.
Data on Ethereum options: merchants are bullish in the short term
The Ethereum options market has decisively become optimistic in the last 48 hours.
The bias of 25 Delta, which measures the price difference between bullish calls and lowered power, has dropped considerably since Monday.
One week lighting dropped at -7.0% compared to -2.4%, while one month’s bias fell to -6.1% against -5.6%, according to Glassnode data.
Such a negative negative approval reflects the increase in the demand for short -term appeal options, which suggests that traders are increasingly positioning themselves for a short -term increase.
Ethereum Bull Flag Breakout increases the rally potential by 30%
The price of ETH has increased by more than 100% in the last two months, mainly motivated by the upgrading of Pectra d’Ethereum in early May and the restructuring of its main foundation in early June.
On Monday, the ether broke out above what seems to be a scheme of Taurus flag, followed by a continuous increase in prices and volumes.
The escape and the rise in the volume of negotiation indicate a strong conviction to trade that the price of the ETH could rally to the target of the bull flag of around $ 3,670, up 30% compared to the current levels by the end of June.
In relation: Growth of the Ethereum network, ETH ETH ETH and price entrances attract new investors
Many analysts, including Standard Charterd, are considering more an evolution in ETH prices at $ 4,000 in 2025. Some fractal analyzes, with gold linked, even predict cryptocurrency to reach $ 5,000 to $ 6,000 in the coming months.
This article does not contain investment advice or recommendations. Each investment and negotiation movement involves risks and readers should conduct their own research when they make a decision.
