An on-chain address has generated approximately $1.157 million in profit from five ETH swing trades since July, on-chain analyst Ai Yi reported. The address bought 1,650 ETH for about $3.97 million at $2,417 on September 3 and sold the full position at $2,474, earning roughly $108,000 on the trade. Each swing trade has involved around $4 million in capital, with the strategy focused on conservative, small-profit exits.