Ethereum Below $3,000? Trader Netting $578,000 With A Short Says That Was ‘The Easy Part’
Posted On November 26, 2025
Ethereum (CRYPTO: ETH) slipping below $3,000 this month hasn’t stopped skilled traders from locking in major profits — and one of them just cashed out big.
What Happened: Analyst Taiki Maeda closed out his highly profitable Ethereum short, booking roughly $578,000 in gains after riding the market’s sharp downturn.
Now, he’s moved 100% to cash, warning that altcoins are still deep inside a “wealth destruction phase.”
Taiki believes he already captured “the easy part” of the downside and argues Ethereum remains fundamentally overvalued.
He …
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