Ethereum stablecoins have achieved a significant milestone, reaching a total value of $183 billion. This positions them as the 22nd largest global reserve, surpassing the foreign exchange reserves of major economies such as Singapore and India. This development highlights the growing influence and adoption of Ethereum-based stablecoins in the global financial landscape. In a related move, a trader with a perfect track record has placed a $151 million long position on 39,000 ETH, indicating strong confidence in an Ethereum price rebound. Additionally, Ethereum's price movements are showing patterns similar to those of Coinbase (COIN) stock, suggesting a potential correlated breakout in the near future.