Approximately 70% of Ether (ETH) positions are currently long, indicating bullish sentiment among traders. This trend coincides with significant whale accumulation, which is tightening the supply of ETH in the market. The increased demand from large holders is contributing to a more constrained supply, potentially impacting future price movements. The accumulation by whales, who are typically influential market participants, suggests confidence in Ether's long-term prospects. As these large investors continue to hold substantial amounts of ETH, the reduced availability in the market could lead to increased price volatility, especially if demand continues to rise.