Whale Take-Profit Strategy at $3,000: What's Next?

A legendary whale has just made a notable move in the ETH market. This investor accumulated 70,013 ETH worth $205 million USD over the past week through OTC (over-the-counter) channels, and immediately started selling once the price hit the psychological $3,000 mark this morning. By selling 10,000 ETH at $3,003, this whale quickly booked a profit of $770,000 USD on this trade. This action reflects a clear and well-calculated Range Trading strategy.

Giant Whale and Range Trading Strategy: Buy below $2,930, sell above $3,000

A detailed analysis of this investor’s actions shows a carefully prepared plan. The entry point at $2,926 is considered very optimal, indicating they have thoroughly researched ETH’s key support zone. The whale’s Range Trading strategy follows a classic principle: buy near support ($2.9xx) and sell near resistance ($3.0xx). This is not a long-term investment but a short-term trade designed to exploit price volatility within a defined range.

Why is taking profit at $3,000 a smart decision? Deep analysis of Smart Money’s actions

Interestingly, this whale only sold 10,000 ETH out of the total 70,013 ETH accumulated. This partial profit-taking reveals a lot about Smart Money’s psychology. First, they see $3,000 as a strong resistance level where the price could be capped. Second, holding onto 60,000 ETH indicates they still maintain a long-term bullish outlook for ETH. However, the partial profit-taking strategy reflects short-term caution — they are not fully confident that ETH will break through the $3,000 mark and continue soaring immediately. It’s a balance between long-term optimism and short-term warning.

FOMO alert: How to avoid falling into traps when prices rise quickly

With ETH currently at $2.14K (down 5.74% in the past 24 hours), the market is sending a clear message. Retail investors need to be truly cautious about FOMO (Fear of Missing Out). When prices rise rapidly, the natural reflex is to rush and buy at the top. However, the whale’s action — taking partial profits as soon as the price hits $3,000 — shows that Smart Money is lightening their holdings at these high levels. This implies that it may not be the best time to buy. Instead, investors should patiently wait for a retest or a strong breakout above this resistance level.

A safer strategy is to monitor the market, see if $3,000 becomes a new support, or if the price pulls back to test lower levels. The whale’s partial profit-taking signals to us that: now is not the time to rush in, but to carefully consider the next steps. This article is for informational purposes only and not investment advice. Please read carefully and think thoroughly before making any decisions.