There has been an interesting trading trend worth following in the past couple of days. An active Ethereum trader has been very active in the past 10 hours—continuously increasing the position with 475 long orders within the price range of ETH 2932-2942, directly pouring in about 1.4 million USD. After completing the increase, he immediately placed staggered take profit orders in the range of 2960-3125, and some have already been executed.

This guy has been playing the high sell low buy game in Ethereum long order since December 17. Over the past month, the position size has increased from the initial 13.2 million USD to the current 21.62 million USD, averaging a cost of about 2978 USD. Although there is currently a floating loss of about 110,000 USD, the liquidation price is set at 2870 USD, and the risk control is relatively stable.

Interestingly, he closed all his long orders on HYPE and ZEC, completely shifting his funds to ETH. This move clearly indicates his bullish outlook on the upcoming market trend for Ethereum, targeting above $2980.

From the perspective of trading psychology, this kind of concentrated betting often reflects the true expectations of market participants. Currently, ETH is an opportunity to go long during the pullback, but the premise is not to follow the trend and blindly chase the rise. Market sentiment is slowly consolidating, and whether it can break through the psychological barrier of $3000 will depend on the performance in the coming days.