PANews reported on March 18 that according to monitoring by on-chain analyst Ember, the whale nemorino.eth, who had previously shorted ETH, bought back 3,000 ETH for 5.718 million USDC 2 hours ago, with an average transaction price of $1,906, indicating that its attitude towards ETH may have changed.

Looking back at its trading records, the whale sold 10,828.5 ETH (about 28 million USD) at $2,586 in early February and unloaded leverage. At that time, he was bearish, and then ETH fell to $1,800. After that, he sold 2,000 and 3,000 ETH at $2,184 and $1,912 respectively in March. This re-opening of positions may mean that his bullish attitude towards ETH is returning.