Ethereum (ETH) "Smart" Whale Bets $426 Million Long, Price Chart Targets $4000
Ethereum's price rise to $3,000 has prompted whales to open 136,433 Ethereum long positions. Technical indicators suggest that Ethereum's price may rally to $4,000 in the short term.
Key Points:
Ethereum whales have opened leveraged long positions totaling $426 million.
Ethereum's ascending triangle pattern targets the $4,030 price level.
Top Traders Open New Ethereum (ETH) Long Positions
According to data from Cointelegraph Markets Pro and TradingView, the Ethereum/USD pair is trading at $3,140, up 20% from the low of $2,621 touched on November 21.
Holding steady above $3,000, Ethereum provides some optimistic reasons before some key volatility triggers.
The Federal Reserve's interest rate cut decision is expected to be announced on Wednesday, December 10, with the market pricing in a 25 basis point cut.
As market participants await triggers, attention has turned to three "smart" whales with stellar track records. Data from Lookonchain shows they have opened a total of 136,433 Ethereum long positions, valued at approximately $425.98 million.
One of these whales, BitcoinOG (1011short), has a $169 million long position on Ethereum, while Anti-CZ's long exposure is $194 million.
A third whale, pension-usdt.eth, is long 20,000 ETH, worth about $62.5 million at the current price.
Additionally, according to Arkham Intelligence, another whale "0xBADBB" is using two accounts to go long, with a total Ethereum value of $189.5 million.
Smart whales are all unanimously going long on $ETH!#BitcoinOG(1011short), with $105M in total PNL, is long 54,277 $ETH($169.48M).
— Lookonchain (@lookonchain) December 8, 2025
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).… pic.twitter.com/idHbyTePTv
The third whale, pension-usdt.eth, holds 20,000 ETH, worth approximately $62.5 million at the current exchange rate.
Besides these whales, Arkham Intelligence pointed out that another whale "0xBADBB" has opened a total of $189.5 million in ETH long positions using two accounts.
These moves are consistent with BitMine's continued advancement in Ethereum. Last week, the company added $199 million worth of ETH, bringing its total holdings to 373,000 ETH ($13.3 billion), solidifying its position as the largest corporate holder.
This reinforces the view among whales and institutions that the recent rebound in ETH price above $3,000 is a good entry point.
Ethereum's Ascending Channel Targets $4000
Ethereum's price trend has formed a classic ascending triangle pattern on the daily chart, as shown below. The breakout above the multi-month downtrend line on December 2 increased the likelihood of a sustained recovery.
Once the price breaks above the pattern's resistance line at $3,250, the formation will be resolved. If this happens, the price could rise to the maximum distance within the triangle's trend lines.
This sets Ethereum's breakout target at around $4,020, more than 28% above the current price level.
The Relative Strength Index (RSI) has risen from an oversold condition of 28 on November 28 to 50, indicating increased upward momentum.
However, the recovery may face obstacles in the $3,350 to $3,550 resistance zone, where the 50-day and 100-day SMAs are currently located. Additionally, the next major hurdle is the 200-day SMA at $3,800.
Related recommendation: Coinbase says Bitcoin (BTC) is expected to recover in December driven by 'macro tailwinds' and Fed rate cuts
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