Arthur Hayes returns to $ETHFI — but at a higher price
Arthur Hayes bought today nearly $1.17 million worth of ETHFI at an average price of $0.62, after having sold a large portion of his holdings a few months earlier at a loss.
What’s interesting is that Hayes returned to buying despite the current price being much higher than the level of his previous exit.
So what does that mean?
The return of one of the most prominent investors in the crypto market to ETHFI may reflect renewed confidence in the project’s performance and the bullish momentum around it.
But buying alone doesn’t guarantee the continuation of the uptrend; price, trading volume, and confirmation of breakouts remain crucial factors.
👀 The question now:
Is Hayes betting on the start of a new uptrend wave for $ETHFI ?
#ETHFİ #Ethereum #crypto #defi
Arthur Hayes bought today nearly $1.17 million worth of ETHFI at an average price of $0.62, after having sold a large portion of his holdings a few months earlier at a loss.
What’s interesting is that Hayes returned to buying despite the current price being much higher than the level of his previous exit.
So what does that mean?
The return of one of the most prominent investors in the crypto market to ETHFI may reflect renewed confidence in the project’s performance and the bullish momentum around it.
But buying alone doesn’t guarantee the continuation of the uptrend; price, trading volume, and confirmation of breakouts remain crucial factors.
👀 The question now:
Is Hayes betting on the start of a new uptrend wave for $ETHFI ?
#ETHFİ #Ethereum #crypto #defi
