Ethereum had dropped from $4,107 to $1,385 exactly five months ago, with a support level at $881. Many people thought the price would fall all the way to $881.

So, did Ethereum actually drop?

Of course not, Ethereum kept rising continuously, and it was only 5% away from reaching its all-time high of $4,868 in 2021.

So, how much did those who opened futures positions on Ethereum, which rose continuously from $1,385 to $4,700 during this period, earn?

Ethereum’s rise from $1,385 to $4,700 in just 4 months represented a full 240% increase.

Of course, opening a position at the lowest point and closing it at the highest is not easy at all. So, how much would someone have earned by opening a 10x leveraged long on Ethereum with $100?

Here’s the answer:

The $100 grew continuously to exactly $2,400

Let’s see if Ethereum will rise even further.

Futures offer high profit potential, but due to risks like leverage, liquidation, and market volatility, they should be approached with caution.

The information provided is not investment advice.

If you don’t have a Binance account, you can register through a special referral link with discounted fees.