Ethereum Whale Opens $44.5 Million Long Position as ETH Tests $2,800 Support

A prominent trader who previously earned approximately $200 million shorting the market ahead of the October 10 crash has established a leveraged long position in Ethereum worth $44.5 million. The move comes as ETH tests the critical $2,800 support level. The whale transferred $10 million to Hyperliquid to enter the position, which showed over $300,000 in unrealized gains within the first hour, according to Arkham Intelligence.