ETH Near $3,900 as Ethereum Whales Open High-Leverage Long Positions (20x, 6x, 15x)

According to HyperInsight via COINOTAG News on October 24, Ethereum (ETH) printed a high‑volume move near $3,890, with short-term support and resistance levels flipping. The action aligns with notable on-chain activity and signals a rebalancing among major holders.

Three whale addresses shifted risk after closing multi‑asset shorts and opened ETH longs: the address starting with 0x7a9 exited ASTER and BTC shorts, deploying a 20x ETH long at an average price of $3,938 and a current notional around $12.12 million; 0x19a moved from BTC shorts to a 6x ETH long at $3,939, about $9.09 million notional; 0x960 opened a 15x ETH long at $3,950, roughly $9.07 million.

These moves suggest rising risk appetite for ETH among large holders, with attention turning to liquidity zones and evolving funding dynamics around the $3,890–$3,950 range.