A prominent Ethereum holder, recognized to be Whale pension-usdt.eth, has once again launched significant long positions, this time betting on a rebound in Ethereum prices. According to data shared today by market analyst Lookonchain, the pension-usdt.eth whale opened a 2x leverage long position on 20,000 ETH worth $60.93 million at an entry price of $3,040.92, while the liquidation price is set at $1,190.66.
The trader is a recognized figure in the cryptocurrency market. Three days ago, on December 4, 2025, the pension-usdt.eth whale entirely closed its 3x leverage BTC short position, liquidating more than $72 million in a short period and realizing a profit of $660,000.
Whale Bets on Ethereum Recovery and Accelerated Institutional Buying Pressure
The prominent whale entered a significant long position in Ethereum as the token tests crucial price levels. Ether is once again testing the significant $3,124 resistance level after an active trading week. ETH is currently hovering at $3,036.09, up 0.3% over the past 24 hours. This rejuvenated trader confidence comes as token purchases by whales continue rising. On-chain data shows that large investors have re-emerged as crypto prices mount a rebound, supported by positive regulatory developments and anticipations of a Fed rate cut in the upcoming weeks.
Metrics from analytics platform Arkham Intelligence show that four days ago, on Wednesday, December 3, a big Ether holder bought 18,345 ETH valued at $55 million from BitGo. Another large investor bought 4,597 ETH worth $13 million from Binance, while another big Ether holder acquired 30,278 ETH valued at $91.16 million from Kraken just on the same day.
These accumulations coincide with crypto prices’ recovery from late November losses, which have lifted Bitcoin, Ethereum, and several other digital tokens higher. Ethereum has been up 0.8% and 7.8% over the past seven days and 14 days, respectively, currently standing at $3,031, as per metrics from CoinGecko. Bitcoin has also been up 2.1% over the past week, currently trading at $90,326.
The above token acquisitions signal that the consolidation in the wider crypto market has run its course, and macro tailwinds (including the Fed rate cut expectations and others) will push Ethereum and other crypto prices up. The pension-usdt.eth whale’s decision to use a 2x leverage highlights a strategic approach to take advantage of potential market fluctuations.
Ether’s Key Support Level That Could Trigger Major Momentum
Ethereum, which currently trades at $3,094, has remained above the crucial 3,000 and $2,800 support levels over the past week. For the asset, the $3,000 and $2,800 have acted as a consistent, significant support region, which has assisted in preventing deeper falls and could play an important role in maintaining upward momentum.
Staying above this region signals that bulls are in control and could further trigger upside movement and open the door for stronger momentum. The Fusaka upgrade and the continued accumulations by institutional players (like BitMine) are set to shoot the ETH price further up.
