Ethereum Soars Past $3,500 After Insider Whale Recovers Losses

Following a significant recovery for prominent insider whale ‘1011’, Ethereum (ETH) has surged past the $3,500 mark. This individual had previously suffered losses of $1.3 million due to a long position in Bitcoin (BTC), but recent ETH price increases have led to an unrealized profit of $3.316 million from their Ethereum positions. Over the past week, this rebound has resulted in a cumulative profit increase of $1.774 million.