In the dynamic world of cryptocurrency trading, a notable Ethereum position held by prominent trader Machi Big Brother has captured significant attention, potentially marking one of his most profitable trades in recent months if ETH continues its upward trajectory. According to crypto analyst Ai Yi on Twitter, Machi is currently maintaining a substantial 25x leveraged long position of 7100 ETH, valued at approximately $22.3 million, with an entry price of $3005.8. As of the latest update on January 4, 2026, this position has already accrued a floating profit of $975,000, showcasing strong market momentum in Ethereum's favor.

Ethereum Price Momentum and Key Resistance Levels

Ethereum's price action has been particularly bullish, pushing towards critical resistance zones that could dictate the next major move. The trader has strategically placed a take-profit limit sell order for 200 ETH within the $3188.8 to $3200 range. With ETH needing just an additional $48 increase to trigger this order, traders are closely monitoring this level as a potential short-term ceiling. If breached, it could signal further upside, potentially targeting higher resistances around $3300 or even $3500 based on historical patterns from previous bull runs. On-chain metrics support this optimism, with Ethereum's trading volume surging by over 15% in the last 24 hours leading up to the report, indicating heightened investor interest and liquidity inflows.

Trading Opportunities in ETH Pairs

From a trading perspective, this development opens up various opportunities across multiple pairs. For instance, in the ETH/USDT pair, recent data shows a 24-hour price increase of about 4.2%, with volumes exceeding $10 billion across major exchanges as of early January 2026. Traders might consider longing ETH against BTC, where the ETH/BTC ratio has improved by 2.5% in the past week, suggesting Ethereum's outperformance. Support levels to watch include $2950, which has held firm during recent dips, providing a safety net for leveraged positions like Machi's. Institutional flows, including increased ETH staking rewards and ETF inflows, further bolster the case for continued gains, with on-chain data revealing over 1.2 million ETH staked in the last month alone.

Analyzing broader market implications, this high-stakes position correlates with positive sentiment in the stock market, particularly tech-heavy indices like the Nasdaq, which often influence crypto valuations. If Ethereum breaks the $3200 barrier, it could catalyze rallies in AI-related tokens such as FET or AGIX, given the growing intersection of blockchain and artificial intelligence technologies. Risk management remains crucial; traders should set stop-losses below $2900 to mitigate downside risks from sudden volatility, especially with global economic uncertainties. Machi's approach exemplifies disciplined trading, balancing aggressive leverage with partial profit-taking to lock in gains while allowing room for further appreciation.

Overall, this scenario underscores Ethereum's resilience amid market fluctuations, offering actionable insights for both retail and institutional traders. By focusing on precise entry points, resistance breakthroughs, and volume confirmations, market participants can navigate these opportunities effectively. As ETH approaches this pivotal zone, staying updated on real-time metrics will be key to capitalizing on potential breakouts.