PANews reported on November 19 that on-chain analyst Yu Jin monitored a swing trader who faced failure while betting on Ethereum (ETH) to rise, marking the third loss in their 16th round of swing trading.
The trader bought 10,364.2 ETH at $3,300 when Ethereum's price pulled back after reaching $3,400 a week ago, expecting the price to continue to rise; however, Ethereum then pulled back to $3,000, putting his trade at a loss. Last night, when Ethereum's price briefly rebounded, he chose to sell off at $3,181, ultimately losing $1.22 million. Currently, the trader's swing record stands at 13 wins and 3 losses.
