According to Lookonchain, a major ETH whale secured over $10 million in unrealized profit within just three days by holding a long position on Ethereum with 2x leverage as the ETH price surged (source: x.com/lookonchain). This substantial gain with low leverage highlights strong bullish momentum in the Ethereum market, attracting increased attention from traders seeking to capitalize on short-term price spikes. The whale's strategy of using conservative leverage for significant returns underlines the current high-volatility environment and may influence broader crypto trading behavior, increasing spot and derivatives trading volumes as more participants seek to replicate similar gains (source: Lookonchain, May 11, 2025).