According to PANews, a recent transaction by a swing trader has been observed by on-chain analyst Yu Jin. The trader sold 10,567.3 ETH at an average price of $3,137, which was purchased two days earlier at $3,120. This transaction, valued at approximately $33.15 million, resulted in a modest profit of $180,000.
This trade marks the 17th round of transactions for the trader, who has achieved 14 wins and 3 losses so far. The trader's strategy appears to focus on short-term gains, leveraging small price fluctuations in the Ethereum market to secure profits. Despite the relatively small profit margin in this instance, the trader's overall performance remains positive, demonstrating a successful approach to swing trading in the volatile cryptocurrency market.
