The post Ethereum (ETH) Targets $2,800 – Major Rally Imminent? appeared first on Coinpedia Fintech News
It appears that Ethereum (ETH) is ready to take off, as investors’ and traders’ interest has skyrocketed in the past few days. On September 19, 2024, the on-chain analytic firm Lookonchain posted on X (Previously Twitter) that Ethereum Whale made a big bet by purchasing 2,117.7 ETH worth $5.17 million as the price surged.
Ethereum Whale Big Bet Amid Price Rally
According to the data, this whale is long on ETH through circular borrowing. The data also shows that this whale had liquidated a substantial 6,078 ETH worth $14.7 million when the overall market crashed on August 5, 2024.
A whale bought 2,117.7 $ETH($5.17M) after the $ETH price rose and went long on $ETH through circular borrowing again!
He was also liquidated for 6,078 $ETH($14.7M) when the price plummeted on Aug 5!
In the past 6 months, he lost $13M by going long on $ETH!
He went long on $ETH… pic.tw
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