Amid a bullish crypto market, Ethereum saw significant gains in September, defying its typical poor performance. One crypto trader capitalized on this uptrend, earning $554K with a 100% win rate during the surge, benefiting from the market’s positive momentum.
Many cryptocurrencies, such as Ethereum, have experienced an uptrend after days of bulls’ dominance in the crypto market. Despite having previously reached saturation, Ethereum has recently made satisfactory gains.
This recovery was crucial in September, as this month is notorious for its subpar market performance. Nevertheless, September of this year was markedly different, as the entire crypto market is rising, with the Ethereum price surging despite the $79 in outflows that Ethereum ETFs experienced.
It has increased the wealth of numerous individuals, and one crypto trader has earned $554K due to this opportunity.
Crypto Trader Achieves Another $554K, Maintaining a 100% Win Rate
Millions of cryptocurrencies are in the crypto market, generating substantial returns for their owners. Nevertheless, the trajectory of their prices is determined by many factors. Consequently, crypto trading necessitates consistent portfolio management, market research, and other endeavors due to its profits and losses.
According to the Lookonchain data, a crypto trader has implemented all the appropriate strategies and is currently maintaining a success rate of 100%.
This merchant is called the Ethereum whale due to his consistent and successful trading of ETH tokens. According to the post on Lookonchain X, the crypto trade has traded ETH nine times in the past one and a half months, resulting in millions of dollars in profits.
On August 12, he initiated his crypto trading venture, resulting in a mere $40,712 in returns. However, this was merely the beginning, as his profits continued to increase.
The final trade was executed yesterday, during which he invested $26,243,040 to purchase 10,206 ETH tokens.
He subsequently sold all of the tokens for $27,797,418, resulting in a profit of $554K. This has resulted in him successfully executing all nine transactions, which has surprised his fellow investors.
It is intriguing that he could generate substantial profits even though he closed most of his transactions on the same day. It has been discovered that he has spent millions on each transaction, which creates a potential for profits even with minor price fluctuations after analyzing his trades.
Furthermore, when Ethereum prices were at their lowest, he entered the market and exited when they increased substantially. He has generated $2.11M in profits in just a few weeks.
How is Ethereum currently performing?
The price of Ethereum plummeted to as low as $2171 at the beginning of the month, which is a cause for concern. Nevertheless, Ethereum’s price has increased ever since, accumulating 4.35% and 1.66% in value over the past week and the past 24 hours.
The crypto trader entered his most recent trade at $2,5721 for Ethereum and exited at $2,626, following a substantial price increase. Nevertheless, the upward trend continued, and ETH is currently trading at $2,661, a significant increase from its previous level.
Although this is not the most exceptional performance of the second-largest cryptocurrency in the market, it is noteworthy in light of its initial decline. The ETH price is expected to reach $2900 soon, particularly in light of the renewed enthusiasm that BlackRock CEO Larry Fink has demonstrated for this cryptocurrency.
Concluding Thoughts
The essence of cryptocurrency trading is the concept of time. Significant gains can be achieved by any crypto trader who positions the trade on the right. A single Ethereum trader has been conducting the same activity for several weeks, resulting in a profit of $2.11M.
He made substantial profits quickly by investing a substantial sum in the ETH token when the Ethereum price plummeted and selling it the same day the cost increased. Nevertheless, he is not the sole trader currently earning substantial profits; another individual generated $1.2M from $135 in Terminus Token.
