According to Lookonchain, a major Ethereum whale who took a 2x leveraged long position has now accumulated an unrealized profit exceeding $10 million within just three days, as ETH price surged rapidly. The whale’s conservative leverage strategy highlights strong confidence in ETH’s short-term momentum while minimizing liquidation risk. This significant profit-taking event is a bullish trading signal for Ethereum, suggesting ongoing institutional and whale accumulation could further drive price action. Traders should monitor on-chain whale movements and leverage ratios as these can indicate future volatility and potential breakout opportunities in the ETH market. (Source: Lookonchain, x.com/lookonchain/status/1921369717303857502)