In a strategic move, a major investor with a proven track record of trading Ethereum (ETH) has capitalized on the recent price spike by selling a substantial amount of his holdings.
reports that this savvy trader successfully sold all 2,850 ETH, worth a staggering $6.35 million, at an impressive price of $2,230 within the last six hours. The calculated maneuver resulted in a remarkable profit of approximately $457,000.
This experienced investor has a commendable trading history, having made 25 transactions in the past year. Impressively, the trader came out on top in 20 of these trades, consistently selling at prices higher than the initial purchase and accumulating an impressive total profit of over $3 million.
All Eyes on the Ethereum Price
Currently, the price of has soared to $2,250, marking a crucial milestone. Importantly, the altcoin has crossed this threshold in the past in a downward trajectory, but today’s trajectory is undeniably upward.
ETH to USD As the eyes turn to the next important level, speculation looms over whether ETH will reach the $3,500 milestone. Equally intriguing is the interpretation of the successful trader’s decision to sell positions at this pivotal moment. From an investor’s perspective, the altcoin has reached its current targets.
The question now is: are we on the verge of a correction, or has the market outplayed this seasoned whale? The crypto community awaits the unfolding of this high-stakes narrative.
