An Ethereum whale linked to Matrixport has opened a significant long position valued at $100 million, despite recent market volatility. The whale, who previously realized a profit of $68.47 million, re-entered the market with a 44,000 ETH long position after Ethereum's price dropped to $2,271. This move signals bullish sentiment, although the position is currently down $722,000 with over $5,000 spent in funding. Market data indicates a mixed sentiment, with the Derivatives Taker Buy Sell Ratio bouncing back above 1, suggesting renewed buying interest. However, funding rates have remained negative for four consecutive days, reflecting a bearish outlook among most market participants. Despite this, the Directional Imbalance Index shows that bullish pressure still dominates at 68%, indicating potential for a trend reversal if Ethereum can maintain levels above key moving averages.