Ethereum

Million

Coin

<ul class="news-points"> 
 <li><strong>A smart money trader made profits 20 times out of 25 by trading ETH.</strong></li> 
 <li><strong>If ETH retraces, $2,160 may be a good entry point as the coin may later hit $2,400.</strong></li> 
 <li><strong>Short will most likely be liquidated as long as the current&nbsp; ETH momentum holds.</strong></li> 
</ul> 
<p>Trading cryptocurrencies can be tricky for inexperienced players. But for smart money traders, price swings can be vital for making gains, and that was the case with a trader who has made $3 million in profit from trading <a href="https://coinedition.com/analyst-predicts-ethereum-to-peak-28000-pushed-by-etf-approval/">Ethereum [ETH]</a>.</p> 
<h2 class="wp-block-heading" id="h-20-wins-out-of-25"><strong>20 Wins Out of 25</strong></h2> 
<p>According to Lookonchain, this trader sold all of his ETH for $6.35 million at an average price of $2,230. Although the recent profit was around $457,000, the same trader has exchanged ETH 25 times in the past 365 days. Lookonchain also mentioned that the trader made gains 20 times out of the possible 25.</p> 
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   <p lang="en" dir="ltr">A smart money who is good at trading <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$ETH</a> sold all 2,850 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$ETH</a>($6.35M) at $2,230 in the past 6 hours, making ~$457K.<br><br>He/she has traded <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$ETH</a> 25 times in the past year, winning 20 times (the selling price is higher than the buying price), with a total profit of more than $3M. <a href="https://t.co/we5vLfZ5ZM" target="_blank" rel="nofollow">pic.twitter.com/we5vLfZ5ZM</a></p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1731576797127721293?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">December 4, 2023</a>
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<p>While moves like this ar…</p>
<p>The post <a href="https://coinedition.com/can-eth-give-traders-a-3-million-profit-like-one-smart-money/">Can ETH Give Traders a $3 Million Profit Like One ‘Smart Money’?</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Can ETH Give Traders a $3 Million Profit Like One ‘Smart Money’?

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