Leading altcoin Ethereum broke its silence in the market today. It attracted attention with its upward move at a time when Bitcoin was losing momentum. Meanwhile, analytics platform Lookonchain reported that the whale sold 17,700 ETH at a very profit. Lookonchain reported that this whale, which was successful in trading transactions, started buying ETH again. Elsewhere, crypto analysis platform Greeks.live revealed what’s in store for leading altcoin Ethereum as the year draws to a close.
The trading genius whale started buying ETH again!
cryptokoin.comAs you follow from , while Solana is losing ground in the market today, its rival Ethereum is on the rise. Taking advantage of this rise, whales started to take profits. Some of those who bought snow are refilling their bags. A whale that was successful in ETH trading has started buying again, on-chain analytics platform Lookonchain reported. In this context, Lookonchain shared the following for the whale’s altcoin purchase:
This smart money is buying back ETH at a lower price. So far it has spent 21.82 million DAI to purchase $9,168 worth of ETH at $2,380.
The analytics platform states that this smart whale is making pretty good profits trading Ethereum. Looking at its past transactions, Lookonchain makes the following statement regarding altcoin trade:
This smart money is really good at trading ETH! After ETH rose today, he sold all 17,700 ETH ($42.19 million) at $2,384, making ~$5.8 million, and he won again! In the past 3 months, he always bought ETH at low prices and sold at high prices with a 100% win rate!
Greeks.live: Institutional FOMO hasn’t started yet for the leading altcoin!
Surprisingly, altcoin Ethereum (ETH) experienced a sudden rise and broke the $2,400 mark. With this move, it reached the highest level of the year. The cryptocurrency market has been quite volatile in recent weeks. The market witnessed ETH leading a strong rally today. It pushed large implied volatility (IVs) to year-highs.
What is interesting, however, is that, as leading market watchers have noted, corporate fear of missing out (FOMO) has not yet kicked in. Greeks.live, a cryptocurrency analysis platform, shared its views on the recent performance of the leading altcoin Ethereum. According to his statement, the rise in ETH not only pushed it to break the $2,400 barrier, but also caused all major futures IVs to rise to yearly highs.
Additionally, daily volume (DVOL) for the leading altcoin increased by 70%. Thus, it has reached a level we have not witnessed since April. Analyzing options data, Greeks.live notes that skewness, a measure of the perceived dispersion of potential price outcomes, does not follow the rally. This suggests that institutional investors have not yet fully embraced the FOMO associated with ETH’s rise.
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