"High-Frequency Trading" Whale Enters Long Position With $11 Million in ETH, Average Entry Price of $3165.38

A whale identified as 0x93115 has entered a long position in Ethereum with 3477.95 ETH, valued at approximately $10.96 million at an average entry price of $3165.38. The position was taken at 14:08 using 25x leverage.

The whale's position currently shows an unrealized loss of $43,000. This data is sourced from Hyperinsight monitoring and reflects the latest market conditions as of January 12, 2026. The position was taken at 14:08 using 25x leverage.

This move comes amid broader market activity involving large institutional investors and ETF inflows. Ethereum has been trading around $3,150 after failing to break above $3,300 and experiencing a pullback to $3,120.

Why Did This Whale Enter the Long Position?

The whale's move is part of a broader trend where large investors are accumulating ETH despite market volatility. This trend is supported by recent inflows into spot ETH ETFs and rising institutional interest. The whale's leverage use suggests confidence in the potential for upward price movement.

The timing of the long position coincides with growing bullish sentiment in the market. Analysts have noted that the $2,650–$2,850 price zone is critical for maintaining the bullish outlook.

How Are Markets Reacting to the Whale's Move?

The whale's entry into a long position has not caused immediate price spikes. Ethereum remains below its short-term averages, and momentum indicators point to downward pressure.

Despite the short-term pullback, the overall market environment remains supportive of a longer-term bullish trend. ETF inflows into ETH have exceeded $3 billion in recent weeks, indicating strong demand from institutional and retail investors.

Staking activity has also increased, which could further reduce the supply of liquid ETH and support price stability. A strong rebound from the $3,120 support level could signal continued upward momentum.

What Are Analysts Watching Next in the ETH Market?

Analysts are closely monitoring the $3,120 support level. A successful bounce from this level could signal renewed buying interest and validate the whale's long position strategy.

If the price fails to hold above $3,120, the next key level to watch is $3,080, followed by $3,000. A break below these levels could invite more selling pressure and shakeouts.

In the broader context, the market's behavior around $2,850 and $3,470 will be crucial in determining the next phase of the ETH price action. A clean break below $2,650 could downgrade the bullish outlook, while a sustained move above $3,470 would reinforce the up-cycle narrative.

Investors with a long-term horizon are advised to maintain a cautious but optimistic stance. The structural factors supporting Ethereum, including DeFi TVL and the upcoming 2026 upgrade, remain positive for the asset class.