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Ethereum whale places $90.8 million leveraged long bet, boosting hopes of ETH return to $3,000

An Ethereum whale has opened a $90.8 million leveraged long position, lifting expectations that the token’s rebound may continue. Ether trades in the $2,320 range, about 32 percent above its Feb. 6 low of $1,750, as markets watch macro data and large investors’ moves. Analysts also pointed to another $61 million long on Hyperliquid and persistent inflows into U.S. spot ether ETFs, while technical indicators highlight resistance around $2,400 to $2,500.