[Huge Ethereum whale makes surprising move after Ethereum hits $3,000]Ethereum briefly approached $3,000 in trading on Tuesday, hitting its highest level since April 2022, but failed to sustain its gains.While bulls have struggled to keep Ethereum above $3,000, it has remained below that level for the past three days, including today. At the time of writing, Ethereum is up 1.93% over the past 24 hours and is quoted at $2,977.Surprisingly, a large whale chose to sell Ethereum en masse as the price attempted to hit $3,000.Blockchain analytics firm Lookonchain noted that in the past 24 hours, a whale sold 16,597 Ethereum coins on the decentralized exchange at a price of $2,934 per coin, worth a total of $48.7 million. The move sparked speculation in the crypto community about bearish sentiment or profit-taking strategies.Lookonchain reported that the whale made approximately $5.5 million in profit from the sale, depositing millions of dollars in ether on the exchange.The whale purchased 16,599 Ethereum coins worth $43.16 million through five wallets on the OKX exchange on January 12, when the price was $2,600, and sold them when the price was nearly $3,000.
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