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The whale's action indicates that the perfect combination of timing and market sentiment can lead to significant returns. The wrong timing might lead to ultimate losses, which was the scenario of another ETH whale who saw significant losses as the ETH price dipped. Ethereum saw selling pressure at the start of the week after reaching highs of $3,281 on April 15. The drop persisted, with Ethereum falling for two consecutive days before slightly rebounding. At the time of writing, ETH was up 0.43% in the last 24 hours to $3,058.As reported, an ETH whale sold their 10,701 ETH stash worth $33 million, losing more than $4 million for the second time after going long on ETH. The first time, they lost almost $500,000.