**[Trend Research and Whale Investor ETH Long Positions Turn Profitable]**
As the price of ETH rises to $3,200, the ETH long positions held by two major institutional investors, Trend Research and the "Whale with $230 Million," have turned from losses to profits. The "Whale" opened a long position of 203,000 ETH (approximately $647 million) via Hyperliquid, with an average cost of $3,147, now showing an unrealized profit of approximately $14 million. Trend Research, on the other hand, leveraged Aave to purchase 626,000 ETH (approximately $2 billion) at an average cost of $3,186, now showing an unrealized profit of approximately $8.77 million. Previously, the two had unrealized losses of approximately $74 million and $141 million, respectively.