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<p class="is-style-lead">An ethereum trader that recently made a $4.49 million profit by trading ETH on the Binance exchange has just transferred 3,000 ETH to the exchange again.</p> 
<h2 class="wp-block-heading" id="ether-trader-moves-value">Ether trader moves value</h2> 
<p>The global cryptocurrency markets have seen a resurgence in recent weeks, overcoming the widespread FUD triggered by the U.S. <a href="https://crypto.news/sen-cynthia-lummis-lambasts-sec-over-enforcement-actions-against-coinbase/">SEC</a>’s enforcement actions against several market participants.</p> 
<p>Ethereum (<a href="https://crypto.news/price/ethereum/">ETH</a>), the world’s second-largest cryptocurrency, has also witnessed strong bullish momentum this week, hitting a high of over $1,976 on July 3.&nbsp;</p> 
<p>However, despite the strong charge of the bulls so far, on-chain data released by Spot on Chain shows an ETH trader, who had previously earned a profit of over $4 million by correctly catching the token’s previous dump-pump cycles, may be anticipating an imminent ether price crash.</p> 
<p> You might also like: <a href=" https://crypto.news/revenge-trading-goes-wrong-as-whale-losses-1-88-million-on-eth-shorts/"> Revenge trading goes wrong as whale losses $1.88M on ETH shorts </a> </p> 
<p>Per a Twitter thread by the researchers, the trader has transferred 3000 ETH (worth around $5.87 million at the time) to <a href="https://crypto.news/institutional-investors-long-term-outlook-on-crypto-is-confident-binance-research-shows/">Binance</a>. The whale previously accumulated ETH during the Nov 2022 and Jun. 2023 lows at an average purchase price of $1,218.</p> 
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   <p lang="en" dir="ltr">🌟 A <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$ETH</a> smart trader moved 3K <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$ETH</a> ($5.87M) to <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#Binance</a> 3hrs ago.<br><br>– Earned $4.49M (ROI: 46.07%) by trading <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$ETH</a> on <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#Binance</a> so far<br><br>– Managed to catch 2 out of 3 biggest dump-pump cycles since Nov 2022<br><br>Why took profit now? Is the dump coming? 🤔<br><br>Trading history 👇👇 <a href="https://t.co/BkAgc6eD9s" target="_blank">pic.twitter.com/BkAgc6eD9s</a></p>— Spot On Chain (@spotonchain) <a href="https://twitter.com/spotonchain/status/1676073223824498688?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">July 4, 2023</a>
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<p>At press time, the global crypto market capitalization stands at around $1.22 trillion, representing a 0.83% increase in the last 24 hours, according to CoinMarketCap.</p> 
<p>Ether (ETH) is exchanging hands for $1,960, representing a decent 4.2% increase on the weekly timeframe. ETH has a 24-hour trading volume of $7,638,161,476, with a market cap of $235,672,969,963, according to data available on CoinGecko.&nbsp;</p> 
<p> Read more: <a href="https://crypto.news/blackrock-files-new-bitcoin-etf-application-amid-secs-concerns/"> BlackRock files new bitcoin ETF application amid SEC’s concerns </a> </p>

Ether whale moves 3k ETH to Binance

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