The post Whale Opens $60M ETH Long, $14M in Profits, $1.2K appeared on BitcoinEthereumNews.com. Key Insights: Whale opens $60.6M ETH long at 2x leverage with liquidation set near $1,190 level. Total profit hits $14.38M as ETH holds $3K zone; whale remains fully long on position. Long-term chart shows $1,800 bounce with projections suggesting possible move toward $10,000. Whale Opens $60M ETH Long, $14M in Profits, $1.2K Liquidation A large Ethereum long position worth $60.63 million has been opened using 2x leverage, according to trading data posted by Ted. The position consists of 20,000 ETH, with an entry price of $3,040.92. At the time of the snapshot, Ethereum was trading near $3,030.90, showing a small unrealized loss of $188,456.17. The trader has committed $30.31 million in margin to back the position. The liquidation level is set at $1,190.78, far below current market levels. This suggests the trader has strong capital behind the trade and is prepared to hold through price swings. Despite the short-term loss, the account shows $14.38 million in total profits, based on the equity chart covering the last several months. Position Fully Allocated to ETH The account is 100% long on Ethereum. No short positions are active. Margin usage is listed at 81.3%, meaning most of the capital is in play but not maxed out. The trade structure shows high exposure to ETH but with some buffers available. The profit curve shows a steady rise since mid-November. The current drawdown is minor in relation to the total account gain. This may point to well-timed entries earlier in the quarter. The position remains open and is near breakeven. Long-Term Chart Shows $1,800 Support Zone A separate chart shared by Ali  shows Ethereum holding above a trendline that has been active since 2022. The price touched this support area near $1,800 earlier this year before recovering. Ali commented,  “Ethereum $ETH at $1,800 looks like… The post Whale Opens $60M ETH Long, $14M in Profits, $1.2K appeared on BitcoinEthereumNews.com. Key Insights: Whale opens $60.6M ETH long at 2x leverage with liquidation set near $1,190 level. Total profit hits $14.38M as ETH holds $3K zone; whale remains fully long on position. Long-term chart shows $1,800 bounce with projections suggesting possible move toward $10,000. Whale Opens $60M ETH Long, $14M in Profits, $1.2K Liquidation A large Ethereum long position worth $60.63 million has been opened using 2x leverage, according to trading data posted by Ted. The position consists of 20,000 ETH, with an entry price of $3,040.92. At the time of the snapshot, Ethereum was trading near $3,030.90, showing a small unrealized loss of $188,456.17. The trader has committed $30.31 million in margin to back the position. The liquidation level is set at $1,190.78, far below current market levels. This suggests the trader has strong capital behind the trade and is prepared to hold through price swings. Despite the short-term loss, the account shows $14.38 million in total profits, based on the equity chart covering the last several months. Position Fully Allocated to ETH The account is 100% long on Ethereum. No short positions are active. Margin usage is listed at 81.3%, meaning most of the capital is in play but not maxed out. The trade structure shows high exposure to ETH but with some buffers available. The profit curve shows a steady rise since mid-November. The current drawdown is minor in relation to the total account gain. This may point to well-timed entries earlier in the quarter. The position remains open and is near breakeven. Long-Term Chart Shows $1,800 Support Zone A separate chart shared by Ali  shows Ethereum holding above a trendline that has been active since 2022. The price touched this support area near $1,800 earlier this year before recovering. Ali commented,  “Ethereum $ETH at $1,800 looks like…