On-chain trackers and market observers are monitoring the positions of the prominent trader known as "Garrett," who is currently holding a substantial long position of 15,000 ETH. The position, which had been under water during recent dips, has reportedly returned to profitability or near-breakeven levels following recent market moves. This specific whale's activity is closely watched by the trading community due to a history of precise market timing. The retention of such a large long position is viewed by some observers as a potential indicator of confidence in Ethereum's near-term price stability. The public tracking of this position highlights the market's focus on large individual holders as sentiment indicators, with traders watching for any signs of capitulation or profit-taking from this wallet.