Let’s look at it from the perspective of market positions: the POAP founder is suspected of selling another 4,000 ETH, worth $10.02 million.
When news like this breaks, two things usually happen in the market at the same time:
· Early movers look for an opportunity to exit
· Those who only came in after seeing the news start buying
Whichever group has more strength determines which way the price moves. $ETH 24h Trading volume was $324 million—watch for any unusual surge in volume.
#ETH
Use this as a reference only. You’re responsible for your own gains and losses.
When news like this breaks, two things usually happen in the market at the same time:
· Early movers look for an opportunity to exit
· Those who only came in after seeing the news start buying
Whichever group has more strength determines which way the price moves. $ETH 24h Trading volume was $324 million—watch for any unusual surge in volume.
#ETH
Use this as a reference only. You’re responsible for your own gains and losses.