Smart Whales Join Forces: Leading Investors Invest Heavily in Ethereum Long Positions with Over $425 Million at Stake

Smart Whales Align: Top Performers Go All-In On Ethereum Long Positions With Over $425M in Exposure

Ethereum has successfully regained the $3,150 mark following a period of volatility, indicating a rare sign of strength in a market filled with uncertainty. The overall cryptocurrency landscape remains split: while some analysts caution that ETH and the wider market may experience further declines, potentially reaching new local lows, others believe that this correction is merely a temporary setback before a more significant bull market, potentially lasting into 2026.

Amid this mixed sentiment, one clear signal has emerged: major investors, or “smart whales,” are unanimously increasing their long positions in ETH. On-chain data reveals that some of the most successful and consistent whale traders—boasting tens of millions in realized gains—have opened considerable long positions totaling over several hundred million dollars. Their coordinated actions suggest they view Ethereum’s recent lows as a buying opportunity, rather than a cause for concern.

This collective movement among top-performing whales acts as a strong counter to negative narratives. While retail sentiment remains fragile, these sophisticated market participants appear to be positioning themselves for a substantial future move. As Ethereum stabilizes above the $3,150 mark, the question arises: will the whales’ confidence prove to be premature or well-founded?

Leading Investors Aggressively Accumulate Ethereum

Recent data shared by Lookonchain indicates that some of the market’s most successful whales are actively accumulating Ethereum, signaling that key players anticipate upward movement ahead.

One standout in this group is BitcoinOG, a trader known for shorting the market during the tumultuous crash on October 10, a strategy that earned him significant respect. With an impressive realized profit and loss (PNL) of $105 million, BitcoinOG is now firmly bullish, holding 54,277 ETH valued at around $169.48 million.

BitcoinOG Ethereum Position | Source: Hyperdash

Another prominent figure, known as the Anti-CZ whale, has built his reputation by taking positions contrary to those favored by Binance founder Changpeng Zhao. With a remarkable total PNL of $58.8 million, this whale is currently long 62,156 ETH—an enormous position valued at $194 million. His trades have frequently foreshadowed broader market movements, lending credence to this bullish trend.

Additionally, pension-usdt.eth, a consistently profitable whale address with $16.3 million in realized gains, holds 20,000 ETH, worth $62.5 million.

Together, these market positions reflect a common outlook among successful whales: despite prevailing market uncertainty, they are betting on Ethereum's strength.

Weekly Analysis Indicates Early Stabilization

Ethereum's weekly chart shows a market striving to regain stability after a significant decline from the $4,500 level. Reclaiming the $3,150 mark is a critical milestone, as this level corresponds with earlier support from mid-2024 and lies just above the 50-week moving average—a zone recognized for influencing market trends. Although ETH dipped below this area during the selloff in November, buyers responded swiftly, creating a strong weekly wick that indicates demand at lower price points.

ETH consolidates around critical level Source: ETHUSDT chart on TradingView

Despite this recovery effort, ETH continues to grapple with key resistance levels. The 20-week and 100-week moving averages are positioned above the current price, converging to create a potential rejection zone unless upward momentum strengthens. At this point, ETH is exhibiting a transitional structure: it is no longer experiencing a sharp downward trend, but it has yet to confirm a bullish reversal on higher timeframes.

Volume trends further support this analysis. Selling volume has decreased compared to the capitulation phase, while recent green candles indicate a modest but consistent buyer interest—pointing towards accumulation as opposed to aggressive risk-taking.

If ETH can achieve consecutive weekly closes above the $3,200–$3,300 range, it will pave the way for a retest of the $3,600–$3,800 levels. However, if it fails to hold the $3,150 level, there is a risk of sliding toward the $2,800 support.

Key Takeaways:

Ethereum has regained the $3,150 mark, signaling strength in a volatile market.
Smart whales are increasing their long positions significantly, with investments totaling over $425 million.
Leading traders such as BitcoinOG and Anti-CZ whale are heavily bullish on ETH.
The market is showing early signs of stabilization, but resistance levels remain a challenge.
Continued upward movement may depend on maintaining closes above critical price points.