A notable figure in the crypto circles is back with renewed confidence in Ethereum (ETH). This well-known whale, who previously shorted ETH on Hyperliquid, has now established a 20X leveraged long position, optimistic about a price recovery.

Such moves by influential traders can significantly impact market trends, drawing attention from both retail and institutional investors. The Ethereum community watches closely, as they are eager to discern whether this bet signals a turnaround for ETH, which has endured recent struggles.

In the unpredictable world of cryptocurrency, actions by prominent players often steer market sentiment. Investors should stay alert and consider the implications of such movements, particularly when weighing their own positions in the market. This development might just be a harbinger of more significant changes ahead for Ethereum.