Ethereum, the second-largest cryptocurrency by market capitalization, rose above the $2,000 mark on Saturday, with $105,000 worth of Ethereum longs in profit.
Ethereum reversed a two-day slide and started rising from $1,895 on February 12th. The price rebound continued for two days until Saturday, $ETH Prices reached an intraday high of $2,090.
Long positions became profitable as Ethereum rose above $2,000. According to Lookonchain, Matrix Port Link Whale coveted 105,000 $ETH It is valued at $215 million and was previously loss-making, but is now profitable again.
Matrix port whale coveted 105,000 $ETH($215 million) turned a loss of more than $10 million into a profit of more than $1 million. https://t.co/G5dSZqp9c5?from=article-links pic.twitter.com/ZsID9LQGZ6
— Lookonchain (@lookonchain) February 14, 2026
The whale, which had an entry price of $2,048, lost more than $10 million as Ethereum fell to a low of $1,901.
The whale, probably related to the Matrix port, opened a huge number of doors: 105,000 $ETH According to Lookonchain’s February 11th tweet, it’s long.
Lookonchain identified wallets 0x6C85 and 0xa5B0, both of which used Bridger to move funds from Tron to Arbitrum and deposited into Hyperliquid. It has been speculated that these may be from the same whale. These two wallets have a combined 105,000 $ETH Hyperliquid for a long time.
of $ETH A previously loss-making long position turned into a profit, reaching $1 million.
$ETH price
At the time of writing, $ETH It rose 7.15% to $2,033 in the past 24 hours and was up 4.33% for the week.
This recovery followed a broader recovery in the crypto market as lower-than-expected Consumer Price Index (CPI) readings helped boost prospects for Federal Reserve interest rate cuts in the futures market.
The consumer price index in January rose 2.4% year-on-year, down 0.3 points from the previous month, and was the lowest level since May 2025.
According to cryptocurrency analyst Ted Pillows, $ETH If the price breaks out of the $2,000 level, it will need to regain the $2,100 level to move towards the $2,300-$2,400 zone. $ETH/BTC has been struggling to break out of an eight-year downward trend for a long time. Whenever this breakout occurs, cryptocurrency analysts believe that: $ETH It may behave similarly to silver.
