As the cryptocurrency sector continues to grow and evolve, more crypto traders are making big profits, including one who recently netted a whopping $2.14 million over the course of a mere seven weeks by swing trading Ethereum (ETH) and carefully timing their transactions.
Specifically, this successful crypto trader has made around $2.14 million swing trading Ethereum through 10 transactions that earned them profit each time since August 12, according to the data shared by blockchain analytics platform Lookonchain in an X post on September 30.
As the analysts observed, originally noticing the 0xe0b5 address’s transactions on September 26, when they were one of the two remarkably smart whales, the trader was exceptionally good at swing trading Ethereum, buying low and selling high every time, with a win rate of 100%.
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Ethereum price analysis
Meanwhile, Ethereum was at press time changing hands at the price of $2,630.70, reflecting a decline of 1.10% in the last 24 hours, a 1.91% increase across the previous seven days, and a gain of 4.08% over the past month, according to the latest data on September 30.
Notably, crypto analyst Trader Tardigrade recently highlighted that the second-largest crypto asset by market capitalization had formed a bullish double-bottom pattern and that the ETH/BTC trading pair was holding up at the support zone of a macro symmetrical triangle, indicating the possibility of an altseason starting soon.
Ultimately, this crypto trader has drawn massive profits from their careful actions in trading Ethereum. However, caution is necessary when trying to imitate them, and keeping up with any relevant developments, like anything concerning the Ethereum ETF, Ethereum price prediction 2025, analyses by experts, and the like, is critical, when investing.
