Is the Ethereum Whale Who Hit His Shot Waiting for a Fall? He Earned Another Half Million

On-chain analysis platform Lookonchain reported that a trader who performs swing trading with a 100% success rate sold 10,206 Ethereum (approximately $27.8 million) in the past hours and made a profit of $554,000 from this transaction. The talented trader may be selling because he expects a possible drop in the price of Ethereum.

The trader, who has made 9 different transactions since August 12, managed to make a profit each time and earned a total of $2.11 million in these purchases and sales transactions.

The success rate of this trader, who is constantly winning in the ETH market, shows the ability to correctly time and accurately predict market movements. His transactions provide an important clue about potential opportunities in the Ethereum market and can be an inspiration for other traders. This trading performance proves once again that it is possible to make a profit in ETH and that high profits can be achieved with the right strategy.

What is swing trading?

In the cryptocurrency world, such successful transactions lead to more attention-grabbing investors and strategies. This example shows how profitable swing trading can be when implemented correctly.

Swing trading is a trading strategy that aims to take advantage of short- and medium-term price fluctuations in financial markets. This strategy allows investors to benefit from temporary increases or decreases in price movements.

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