Ethereum

Dogecoin

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 <p class="paragraph">Observing smart whales’ movements can provide valuable insights for crypto traders and investors navigating cryptocurrency waters. These are highly capitalized addresses with a profitable trading history.</p>
 <p class="paragraph">Recently, a smart whale trading Ethereum (ETH) closed a position worth $21 <a rel="noopener noreferrer nofollow" title="million" href="https://thebittimes.com/tag/million.html">million</a> for a profit of $5.32 <a rel="noopener noreferrer nofollow" title="million" href="https://thebittimes.com/tag/million.html">million</a>.</p>
 <p class="paragraph">According to a post by <em>Lookonchain</em> on X (formerly Twitter), the address acquired 7,429 ETH worth $16.5 <a rel="noopener noreferrer nofollow" title="million" href="https://thebittimes.com/tag/million.html">million</a> on January 26 and sold the entire position at $2,937 per token on February 23.</p>
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   <svg width="32" height="32" viewbox="0 0 32 32" fill="none" xmlns="//www.w3.org/2000/svg"><path d="M4 10.6665V25.3332C4 28.2678 6.392 29.3332 8 29.3332H28V26.6665H8.016C7.4 26.6505 6.66667 26.4078 6.66667 25.3332C6.66667 24.2585 7.4 24.0158 8.016 23.9998H28V5.33317C28 3.8625 26.804 2.6665 25.3333 2.6665H8C6.392 2.6665 4 3.73184 4 6.6665V10.6665ZM8 5.33317H25.3333V21.3332H6.66667V6.6665C6.66667 5.59184 7.4 5.34917 8 5.33317Z" fill="#EF4444"> 
    </path> <path d="M15.996 18.6668L20.4626 14.2815C20.738 14.0166 20.9571 13.6989 21.1068 13.3473C21.2564 12.9957 21.3336 12.6176 21.3336 12.2355C21.3336 11.8534 21.2564 11.4752 21.1068 11.1236C20.9571 10.7721 20.738 10.4543 20.4626 10.1895C19.9074 9.64148 19.1587 9.33422 18.3786 9.33422C17.5985 9.33422 16.8498 9.64148 16.2946 10.1895L15.996 10.4801L15.6973 10.1881C15.1423 9.64023 14.3938 9.33301 13.614 9.33301C12.8341 9.33301 12.0856 9.64023 11.5306 10.1881C11.2552 10.453 11.0361 10.7707 10.8865 11.1223C10.7368 11.4739 10.6597 11.852 10.6597 12.2341C10.6597 12.6162 10.7368 12.9944 10.8865 13.346C11.0361 13.6975 11.2552 14.0153 11.5306 14.2801L15.996 18.6668Z" fill="#EF4444"> 
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 <p class="paragraph">Previously, the investor made $5.34 <a rel="noopener noreferrer nofollow" title="million" href="https://thebittimes.com/tag/million.html">million</a> in realized profits with a similar trade from October 2023 to January 2024. In particular, the smart Ethereum whale bought 9,217 ETH at $1,863 and sold at $2,442, on average.</p>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="446" src="https://cdn.thebittimes.com/images/2024/02/24/4639a64eff38c97470c56124b70a2462.webp" alt class="wp-image-157003" srcset="https://cdn.thebittimes.com/images/2024/02/24/4639a64eff38c97470c56124b70a2462.webp 1024w, https://cdn.thebittimes.com/images/2024/02/24/4639a64eff38c97470c56124b70a2462.webp 300w, https://cdn.thebittimes.com/images/2024/02/24/4639a64eff38c97470c56124b70a2462.webp 768w, https://cdn.thebittimes.com/images/2024/02/24/4639a64eff38c97470c56124b70a2462.webp 1536w, https://cdn.thebittimes.com/images/2024/02/24/4639a64eff38c97470c56124b70a2462.webp 2048w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   ETH/USD 4-hour chart with the smart Ethereum whale buy/sell operations. Source: <em>Lookonchain</em>
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 </figure>
 <h2 class="wp-block-heading" id="h-ethereum-price-analysis-amid-smart-whale-activity">Ethereum price analysis amid smart whale activity</h2>
 <p class="paragraph">Notably, Ethereum surged by 100% during these four months from the smart whale’s first purchase to its last sell-off. In the meantime, ETH traded as low as $1,522.84 and as high as $3,032.36.</p>
 <p class="paragraph">This impressive performance now places Ethereum with an overbought Relative Strength Index (RSI) in the daily chart. Such a status hints at a price correction at any moment, which might explain the smart whale’s recent activity.</p>
 <p class="paragraph">Interestingly, the 50-day exponential moving average (EMA) could act as support. It is currently floating around $2,550 for approximately a 13.5% drop from $2,957 by press time.</p>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="661" src="https://cdn.thebittimes.com/images/2024/02/24/4f7322a5cba21e0379c98e838cb84f11.webp" alt class="wp-image-157005" srcset="https://cdn.thebittimes.com/images/2024/02/24/4f7322a5cba21e0379c98e838cb84f11.webp 1024w, https://cdn.thebittimes.com/images/2024/02/24/4f7322a5cba21e0379c98e838cb84f11.webp 300w, https://cdn.thebittimes.com/images/2024/02/24/4f7322a5cba21e0379c98e838cb84f11.webp 768w, https://cdn.thebittimes.com/images/2024/02/24/4f7322a5cba21e0379c98e838cb84f11.webp 1536w, https://cdn.thebittimes.com/images/2024/02/24/4f7322a5cba21e0379c98e838cb84f11.webp 1875w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   ETH/USD daily chart on Binance. Source: <em>TradingView</em> (Finbold)
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 </figure>
 <p class="paragraph">In summary, a smart whale is a profitable trader moving large sums, which the market can observe for insights. This Ethereum smart whale has profited over $10.66 <a rel="noopener noreferrer nofollow" title="million" href="https://thebittimes.com/tag/million.html">million</a> in four months, now selling in a bearish bias.</p>
 <p class="paragraph">Nevertheless, investors should not be blindly following other people’s movements. Instead, they should learn and build their own strategy, understanding the risks and the market’s volatility.</p>
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/sell-alert-smart-ethereum-whale-dumps-21-million-in-eth-tbt80715.html">https://thebittimes.com/sell-alert-smart-ethereum-whale-dumps-21-million-in-eth-tbt80715.html</a></p>

Sell alert? ‘Smart’ Ethereum Whale dumps $21 million in ETH

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