Ethereum whales are making a significant move, opening large long positions on Ether valued at nearly $426 million, signaling confidence in a potential recovery and upward trend. The recent activity coincides with technical patterns suggesting a possible surge toward $4,000. In a notable development, major Ethereum investors have collectively opened leveraged long positions totaling approximately $426 million. Data indicates that these whale traders are betting on an impressive bounce as Ether's price holds above key support levels, despite recent volatility. Current market data shows Ether trading around $3,140, a substantial rally from its November lows of $2,621. The recovery has attracted attention from institutional players and sophisticated traders, especially with the upcoming Federal Reserve rate decision expected to influence broader market sentiment. Markets predominantly price in a 25-basis-point rate cut on December 10, further supporting the bullish outlook. Among thes...