Ethereum Traders Offload $41M In ETH, But ‘Bears Will Get Exhausted,’ Trader Asserts

Two whale wallets offloading significant sums of Ethereum ETH/USD did little to quell the optimism of traders predicting a turnaround for ETH soon.

What Happened: Spot On Chain data highlighted two traders who unloaded 13,680 ETH, worth $41 million. One trader deposited all 6,440 ETH (worth $19.5 million) to Binance, suffering a loss of $2.65 million (-7.74%) from their latest ETH trade. However, the trader’s cumulative profit from ETH still stands at $20.6 million.

The second trader, an inactive whale, deposited the remaining 7,240 ETH ($21.4 million) to Kraken. Having held these tokens for over 1.5 years, the profit is an estimated $12.83 million (+149%).

Price Action: ETH is up 1.4% to…

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