Ethereum is trading with renewed strength after breaking above the $3,300 level and briefly pushing toward $3,400, signaling a potential shift in short-term momentum. However, despite this recovery, bullish conviction remains fragile. Many analysts continue to warn that the broader trend still leans bearish, emphasizing that Ethereum has yet to reclaim the structural levels needed to confirm a macro reversal.
Yet one signal has captured significant attention: according to fresh data from Lookonchain, a major whale known as BitcoinOG has doubled down on his Ethereum long position. This trader is widely recognized for being the whale who successfully shorted Bitcoin during the October 10 market crash, a move that earned him substantial profits and elevated his reputation across the on-chain analysis community.
Rather than taking
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