An experienced trader specializing in Ethereum (ETH) swing trading continues to demonstrate high market performance. Recently, this trader sold 10,206 ETH for $27.8 million and earned $554,000 in one transaction.
Successful ETH Trade
This smart trader with a 100% win rate in ETH swing trading sold 10,206 ETH ($27.8M) 30 minutes ago, making another $554K profit. He has traded ETH 9 times since August 12, earning every time, with total profits amounting to $2.11M.
Ethereum's Weekly Price Increase
Ethereum has risen in the past week, gaining 7.3% in price. The current value of the cryptocurrency is $2,654.90, up 1.46% in the last day. Ethereum has a market capitalization of $319,555,258,759, making it the second most valuable cryptocurrency after Bitcoin.
Ethereum Technical Analysis
On a technical level, Ethereum's price is above the 50, 100, and 200 SMAs. The Relative Strength Index (RSI), a leading momentum indicator, is 59.74, which indicates potential for further upward movement. If the price breaks the resistance level around $2,660, there is a likelihood of further growth.
The trader's consistent success and current technical indicators point to a long-term bullish trend for Ethereum. Current market behavior attracts both retail and institutional investors.
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