Ethereum Swing Trading Reignites as Two Addresses Buy 5,678 ETH for $16.95M at ~$2,985.70 Each, AI Auntie Reports
ETH/USDT
$8,612,163,028.96
$1,911.16 / $1,848.70
Change: $62.46 (3.38%)
+0.0010%
Longs pay
COINOTAG News highlights on-chain data revealing a measured accumulation by a single institution, according to on-chain analyst Ai Auntie. The pattern aligns with a swing-trade posture in Ethereum markets amid ongoing volatility.
Two addresses associated with the same entity purchased 5,678 ETH in the past hour, at an average price of $2,985.70, for a total outlay of $16.95 million, signaling a fresh swing-entry rather than a long-term stake.
Looking back, the same entity executed a prior swing trade between December 3 and 12, deploying approximately $14.97 million and realizing a reported $137,000 profit.
This activity underscores disciplined capital deployment within the crypto market and on-chain analytics signals, rather than speculative bets.