In a surprising turn of events on December 27, Ethereum (ETH), the leading smart contract platform, experienced an unexpected rise, reaching a yearly high at $2,445.
🚨 JUST IN: #Ethereum breaks through $2,440 🔥🚀
— CoinEcho (@mycoinecho) December 28, 2023
This bullish cycle provided an opportunity for savvy investors to capitalize on substantial gains. On-chain data now indicates that an investor adept at strategic trading in ETH seized the moment and sold the high-priced ETH after accumulating it during periods of lower valuation.
As per insights from Lookonchain, this astute investor, recognized for making shrewd decisions with $ETH, successfully offloaded a substantial amount, selling all 17,700 $ETH (equivalent to $42.19 million) at a price of $2,384, generating approximately $5.8 million in profit.
This smart money is really good at trading $ETH!
After $ETH rose today, he dumped all 17,700 $ETH($42.19M) at $2,384, making ~$5.8M, and won again!
In the past 3 months, he has always bought $ETH at price lows and sold at highs, with a 100% win rate!https://t.co/PtF8dSNlja pic.twitter.com/pRtRTlEEFo
— Lookonchain (@lookonchain) December 28, 2023
Remarkably, analysis spanning the last three months reveals a consistent pattern – the investor consistently acquired $ETH during price downturns and successfully sold at peak values, maintaining a flawless 100% win rate.
Investors Buy More Ethereum At $2,380
The investor’s strategic moves continue as they re-enter the market, purchasing $ETH at a lower price point. The latest transaction involves an expenditure of 21.82 million $DAI to acquire 9,168 $ETH at $2,380.
This smart money is buying $ETH back at a lower price.
He has spent 21.82M $DAI to buy 9,168 $ETH at $2,380 so far.https://t.co/yGkFI6qpnj pic.twitter.com/SIkHX4AnXs
— Lookonchain (@lookonchain) December 28, 2023
This ongoing cycle of strategic buying and selling highlights the nuanced approach of smart investors navigating the dynamic cryptocurrency landscape. As Ethereum’s market dynamics evolve, these investors demonstrate a keen understanding of market trends, maximizing gains through well-timed transactions.
The ability to consistently execute profitable trades underscores the expertise and acumen of such investors, emphasizing the dynamic nature of crypto markets and the opportunities they present for strategic players.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any projects.
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