Smart Swing Trading: How a High-Win Oil Trader Cashed $2.4 Million with ETH Rebounds

In a recent market transaction, noted on-chain analyst Yu Jin revealed significant activity from a high-win-rate swing trader. After capitalizing on an Ethereum (ETH) rebound, the trader executed a sale at a price of $3,417, realizing a profit of approximately $2.4 million. This strategic move highlights the trader’s acumen in navigating the volatile cryptocurrency landscape. Just two hours prior, the same address re-entered the market, acquiring 12,178.4 ETH for a total of $40.66 million USDT at an average purchase price of $3,339. Such substantial trading activity underscores the growing interest and confidence in the ETH market, as seasoned investors continue to leverage price fluctuations to enhance their portfolios.