BlockBeats News, August 23rd, according to TradingBeats (formerly Hyperinsight) monitoring, Ethereum has recently surged above $2,500 and has been holding above $2,400, with on-chain whales voting with their positions.

Currently, among the top ten on-chain contract holdings on Ethereum, excluding the short hedge addresses of Abraxas Capital and Fasanara Capital, and Wintermute's market-making address, the other six major whales are collectively bullish, with a total long position of up to $359 million.

Of particular note, the "819 ETH Inside Whales" who accurately opened long positions before the 819 pump are still holding their positions, with a position worth $48.85 million, unrealized gains exceeding tens of millions of dollars and still not reducing their positions.

In addition, after ETH welcomed the 819 market on the 19th, the on-chain open interest contracts saw a slight decline on the 22nd, breaking $2 billion again today, with expectations of further significant volatility ahead. The on-chain liquidation map shows that the bulls and bears are evenly matched, with resistance close to both breaking above $3,000 and falling to $2,000.