Trader Secures Massive Ethereum Profit Amid Price Surge

A prominent trader known as Maji has recently realized substantial profits, generating a gain of $1.54 million from his investment in Ethereum (ETH). Starting with an initial investment of $500,000, Maji saw his holdings increase to $2.04 million thanks to the recent surge in ETH prices. He capitalized on the rebound above $3,000 and secured profits by selling at a favorable price point. However, he maintains a long position with a liquidation price of $2,881, highlighting potential losses if market conditions change negatively.