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.
Source: https://en.coinotag.com/breakingnews/ethereum-swing-trading-reignites-as-two-addresses-buy-5678-eth-for-16-95m-at-2985-70-each-ai-auntie-reports
