- Lookonchain tweeted that a whale had made $1.3M in 2 weeks by trading ETH.
- Ethereum showed jagged movements throughout the past week, before consolidating.
- ETH breaks out from a falling wedge, but it has not spiked by the height of the falling wedge at the initial stages of its formation.
Onchain Market Analyst Lookonchain tweeted that a whale had made $1.3M in 2 weeks. The platform stated that the whale spent 8.63M USDT to buy 5,437 $ETH at $1,587 before the price increased on Oct 20. After that, it sold 5,436 $ETH for 9.93M $USDC at $1,827 2 hours ago.
A whale made $1.3M in 2 weeks!The whale spent 8.63M $USDT to buy 5,437 $ETH at $1,587 before the price increased on Oct 20.
And sold 5,436 $ETH for 9.93M $USDC at $1,827 2 hours ago.
Address:https://t.co/ozrxi1Miaf pic.twitter.com/DTPL2u9LHm
— Lookonchain (@lookonchain) November 1, 2023
When looking at the 7-day chart for Ethereum, it could be noted that it had jagged price movements. The coin was trading at $1,784 when the market opened for trading for the week. Late on the first day of the week, ETH reached its maximum price of $1,863 before making lower highs and falling below the opening market price …
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