Machi Big Brother has expanded his leveraged Ethereum long position to $23.8 million at 15x leverage on Hyperliquid, despite facing a $1.9 million negative profit and loss. This move comes as whale activity in the Ethereum market intensifies, with entities like BitMine and 66kETHBorrow collectively acquiring $53.91 million worth of ETH. Data from Lookonchain and Glassnode indicates a surge in buying from long-term holders and major wallets, suggesting strong market confidence. Ethereum's price is finding support around the $3,150 level, as these significant market players continue to accumulate the cryptocurrency.