PANews reported on November 19 that according to monitoring by on-chain analyst Ember, a swing trader failed when betting on the rise of Ethereum (ETH). This was his third loss in his 16th round of swing trading.

The trader bought 10,364.2 ETH at $3,300 when the price of Ethereum reached $3,400 a week ago, expecting the price to continue to rise; however, Ethereum subsequently fell back to $3,000, causing his trade to fall into a loss. Last night, the price of Ethereum briefly rebounded, and he chose to sell at $3,181, ultimately losing $1.22 million. The trader's current swing record is 13 wins and 3 losses.