A prominent whale, identified as 0x049, just deployed a massive $40 million into long positions on 17,257 ETH and 516.42 BTC, cranking up the leverage to 20x in a bold play that underscores growing confidence in crypto's rebound potential.

This move echoes the aggressive whale activity we've seen over the past six months, where similar high-leverage bets preceded sharp rallies in BTC and ETH, especially as Bitcoin hovers near key levels and integrates trends like TAO for enhanced blockchain efficiency.

Zooming into the ETH 4h chart, price action clings tightly to the EMA50 at $2329.53, acting as immediate resistance while the EMA200 lurks below at $2226.66 as a sturdy long-term support floor. With MACD confirming a bearish death cross at 5.26 and RSI sitting neutral at 46.2, ETH trades comfortably inside the Bollinger Bands—upper resistance at $2410.17 capping upside exhaustion, lower support at $2273.42 offering a cushion. This confluence screams caution for shorts; if bulls hold the line here, we could see a thrust toward that upper band, aligning perfectly with whale bets on ETH price prediction upside amid broader crypto leverage trading momentum.