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Jakarta, Pintu News – Ethereum (ETH) has regained the market’s attention after breaking through the $3,300 level and briefly approaching $3,400, indicating an increasingly clear short-term momentum shift. However, according to a report by NewsBTC, bullish confidence is still fragile as ETH has yet to confirm a macro trend reversal.
In the midst of this situation, the aggressive moves of a whale named BitcoinOG came into the spotlight after he increased his long Ethereum position by hundreds of millions of dollars.
According to on-chain data from Lookonchain cited by NewsBTC, BitcoinOG-which was previously known for executing large shorts on Bitcoin (BTC) during the October 10 crash-is now increasing its long exposure to Ethereum. This decision comes at a time when most traders are still cautious about market conditions. This contrasting move shows the clear difference between retail sentiment and high-capital investor strategies.
The report highlights that this increase in long positions came right after ETH showed a solid price recovery. This has led to speculation that BitcoinOG may be anticipating a potential big run-up, even as general market sentiment remains unsure of Ethereum’s short-term direction.
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Lookonchain notes that BitcoinOG now holds 85,001 ETH worth approximately $280 million. According to NewsBTC’s report, this position has resulted in an unrealized profit of more than $16 million. Its size not only confirms the whale’s faith in ETH’s upside potential, but also suggests that it is prepared to endure volatility ahead of major macro events.
Such aggressive behavior is usually read as a strategic signal from experienced investors-often called “smart money.” When large market participants take significant positions consistently in one direction, it can shape new sentiment expectations among other market participants.

NewsBTC reports that BitcoinOG’s move contrasts drastically with the cautious stance taken by most retail traders. This divergence suggests that some large market participants are seeing opportunities that are not immediately apparent to other investors. In market behavior analysis, sentiment differences like this are often indicators of shifting price trends that may be forming.
Aggressive accumulation in periods when the market is still hesitant is often a sign that large participants have identified stronger market parameters for potential upside. In the context of Ethereum, this could reflect a belief that ETH is in a broader structural breakout phase.

BitcoinOG’s move comes ahead of the Federal Open Market Committee (FOMC) meeting, which NewsBTC says could be a major catalyst for market volatility. The Federal Reserve’s decision on interest rates will affect liquidity and risk appetite across cryptocurrencies.
NewsBTC notes that a rate cut could improve liquidity conditions, weaken the US dollar, and be a driver for Ethereum’s rise. However, if the FOMC gives hawkish signals or is more conservative than market expectations, high volatility could arise and pressure ETH which is currently at a critical resistance area.
Analysis of the 4-hour chart quoted by NewsBTC shows a clean breakout from a multi-week downtrend, accompanied by high volume and a strong recovery above the 50 EMA and 100 EMA. Technical structures like this are often the first sign of a short-term uptrend forming.
However, ETH is now below the tight resistance zone at $3,380-$3,420, where sellers previously dominated. The current consolidation below this zone indicates that the market is in neutral: bulls are trying to maintain acceptance above $3,300, while bears maintain defense at the next resistance level. A move above this zone is required to confirm the continuation of the bullish trend.
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This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.
According to NewsBTC, BitcoinOG is a whale known for successfully executing large shorts on Bitcoin during the October 10 market crash and is now switching to a long Ethereum position.
Lookonchain notes that BitcoinOG holds 85,001 ETH worth approximately $280 million with unrealized gains of over $16 million.
NewsBTC considers this action important because it shows a divergence between whale behavior and retail sentiment, which is often an indicator of changing market trends.
The main risk is the FOMC meeting, where the interest rate decision could trigger huge volatility and affect the liquidity and price direction of ETH.
According to the 4-hour chart analysis, ETH faces strong resistance at $3,380-$3,420 and needs to break this zone to confirm a continued bullish trend.
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