Tom Lee says Ethereum is close to bottoming, while a trader claiming a 100% success rate opened a leveraged long position on 20,277 ETH with an investment of $45.3 million. The position has already generated $252,000 in profit, following 10 profitable trades that produced $6.32 million in realized gains. Ethereum’s recovery prospects remain challenged by nearly $300 million in long liquidations over the past 48 hours, weakening staking demand and continued ETF outflows. A major liquidation cluster below $2,200 could push ETH under $2,000 if sentiment remains weak.
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