20h ago
Whale Trader BitcoinOG Boosts Ethereum Long to $280M as ETH Retests $3,400 Resistance
Ethereum has climbed above $3,300 and briefly approached $3,400, but many analysts still regard the broader trend as structurally bearish. On-chain data from Lookonchain shows whale trader BitcoinOG has expanded a leveraged long to 85,001 ETH, worth about $280 million, with more than $16 million in unrealized gains. This aggressive positioning comes just before an FOMC rate decision, leaving ETH trading between whale accumulation and macro uncertainty near the $3,380–$3,420 resistance band.