An Ethereum trader has significantly increased his long position, resulting in a substantial financial setback. The trader's average entry price for Ethereum is approximately $2,018, with a liquidation price set at $1,844. Despite previously achieving a profit and loss (PNL) of $44 million, the trader's account is now down by approximately $28 million due to this aggressive trading strategy. The trader's address has been shared publicly, highlighting the risks associated with high-leverage trading strategies.