Ethereum

<ul class="wp-block-list news-points">
 <li>Ether has dropped by more than 4% in the past 24 hours and is trading at $2,300.&nbsp;</li>
 <li>In four transactions, a whale increased its ETH holding from 3,586 ETH to 5,515.</li>
 <li>ETH price action is bearish with RSI suggesting increase in selling pressure.</li>
</ul>
Ether (ETH) dropped to $2,300 amid a broader crypto market downturn, but one whale seized the opportunity to buy approximately 1,900 ETH. This whale is known for a trading strategy that involves selling high and buying low.
According to a post on social media platform X (formerly Twitter), the whale used the trading strategy of buying low and selling how to increase its holding from 3,586 ETH to 5,515 ETH, a surge of 50% in holdings.&nbsp;
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 哈哈，这个高抛低吸 ETH 的哥玩法挺有意思：2 小时前又用 1211 万 U 买回 5,093 ETH。 他通过两次高抛低吸让自己的 ETH 数量从 3,586 枚变成了 5,515 枚。 细节<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f447.png" alt="👇" class="wp-smiley" style="height: 1em; max-height: 1em;"> 1⃣5/21，$3,667 的价格出售 3,586 ETH 换成 1315 万 U； 2⃣后续用这 1315 万 U 以 $2,512 的价格买回 5,236 ETH； 3⃣9/2，$2,514… <a href="https://t.co/Wg9kI5qmIV" target="_blank" rel="noopener noreferrer nofollow">https://t.co/Wg9kI5qmIV</a> <a href="https://t.co/yd0qrtdbJN" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/yd0qrtdbJN</a>— 余烬 (@EmberCN) <a href="https://twitter.com/EmberCN/status/1831228957263601972?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">September 4, 2024</a>
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It is important to note that the whale has been quite acti…
The post <a href="https://coinedition.com/ethereum-whale-capitalizes-on-price-drop-increases-holdings-by-50/" rel="noopener noreferrer nofollow">Ethereum Whale Capitalizes on Price Drop, Increases Holdings by 50%</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Ethereum Whale Capitalizes on Price Drop, Increases Holdings by 50%

Coin Edition

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