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A big Ethereum investor, likely tied to Longling Capital, has made a surprising move amid Ethereum's recent price drop. This whale purchased 6,000 ETH, showing confidence that Ethereum could rise again.
Big Profits from Smart Trading 💰
This investor has been very successful, making $83 million by buying at low prices and selling at higher ones. Since May 2023, they’ve bought 75,400 Ethereum for about $180.4 million, at an average price of $2,392. Later, they sold 50,800 ETH, earning $172.08 million with an average price of $3,401. Their latest buy shows they still believe in Ethereum's potential.
Ethereum’s Price Action: Time for a Bounce? 📈
Ethereum has been moving sideways after reaching a local peak of $4,100. Although it dropped to $3,650, it remains above key support levels like the 26 EMA. In the past, this has often been a good spot for the price to rebound.
Could Ethereum hit $5,000 again? Many believe it's possible if the current trend continues!#ETH #BTC #Binance #SOl #DOGE $ETH