Ethereum Reaches $3,500 as ‘1011 Insider Whale’ Turns $140M Long into $3.2M Profit (Entry at $3,445.58)

Ethereum rebounded toward $3,500, according to on-chain analyst Ai Auntie (@ai_9684xtpa), as COINOTAG News reported on November 9. The move reflects renewed on-chain activity and a shift in market sentiment around a key price level.

Market observers note that the 1011 Insider Whale converted a $140 million ETH long from a loss to a profit, with unrealized gains nearing $3.2 million. The entry price cited is $3,445.58, indicating precise risk calibration amid volatility.

These dynamics illustrate how large-volume wallets can influence near-term ETH price action while underlining the importance of verified on-chain data in assessing risk and opportunity for traders and institutions.