The whale nemorino.eth has bought back 3000 ETH, seemingly indicating a return of bullish sentiment
PANews reported on March 18th, according to on-chain analyst Yu Jin's monitoring, the whale nemorino.eth who previously shorted ETH bought back 3000 ETH with 5.718 million USDC two hours ago at an average transaction price of $1,906. This indicates that its attitude towards ETH may have changed.
Looking back at its trading history, this whale sold 10,828.5 ETH (approximately $28 million) at a price of $2,586 in early February and unloaded leverage when it held a bearish view. Subsequently, ETH fell to $1,800. Later in March he sold another 2000 and 3000 ETH respectively at prices of $2,184 and $1,912. This repositioning could mean that his bullish attitude towards ETH is returning.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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