Ethereum Whale Boosts Long Position by 40% Amid Market Pullback

An Ethereum whale has significantly increased their long position on Hyperliquid by adding 13,000 ETH to their existing 32,000 ETH at $2,487 two days ago.

The total position now stands at 45,000 ETH valued at $109 million with an average entry price of $2,486. This large bet is currently facing a floating loss of $3.35 million following the recent pullback.

Liquidation for this whale's position would occur if the price falls below $2,251.

The 4-hour chart shows that Ethereum is trading at $2435.48 within its Bollinger Bands, with the upper resistance level at $2515.88 being tested.