After the U.S. Federal Reserve (Fed) announced a substantial 50 basis point interest rate cut in mid-month, the cryptocurrency market continued to rebound, and Ethereum, which had been sluggish for a long time, also hit the $2,700 mark on September 24.
However, with the emergence of selling pressure, Ethereum is still oscillating at the level of $2,600 in recent days. Compared with Bitcoin, which has reached its highest point since early August this morning, ETH still seems to be unable to reach it.
ETH band whale gains 8 consecutive victories
However, despite the market fluctuations, according to on-chain data analyst Ember Monitoring , the Ethereum whale, which has been frequently doing swing trading since April this year, won again in yesterday's fluctuations, ushering in its 8th consecutive victory and 10th swing trading. Ninth victory in:
The swing brother just made a profit and sold, completing his 10th round of ETH swing, making another profit of 554,000 US dollars, and the current record is 9 wins and 1 loss.
After ETH pulled back in the morning, he bought 10,206.4 ETH at an average price of $2,571, worth about $26.24 million, and then sold them all at a price of 2,626, making a profit of $554,000.
According to Ember Statistics, the whale started its first wave on April 25 this year and ended with a loss of $149,356 only in the wave that started on August 12, and it has been 8 consecutive times since September 4. The band was profitable, with cumulative earnings exceeding US$3.44 million. Many community members said "It's too strong" and "Other whale are shipping, but he is making profits." It also makes people curious about how he cultivated his trading model and trading sense.
Ethereum spot ETF 9/25 capital inflow was US$43.23 million
It is also worth mentioning that with the recent market rebound, the U.S. Ethereum spot ETF has also begun to see net inflows of funds.
According to Sosovalue data , as of September 25, the net inflow of Ethereum spot ETF funds was US$43.23 million, and on September 24, the net inflow of funds was as high as US$62.51 million.
If the subsequent Ethereum spot ETF continues to attract funds, it is expected to push ETH to rise further. Interested readers can also continue to pay attention to when the next operation of the whale in this band will occur.
Note: The ETH band whale wallet address is: 0xe0B532985A6B8Bfe82A9d1f6f83373c75a7b3C71
