$ETH can’t drop anymore—the big one is coming?
Two major negative news items in the market have basically been priced in: the Clear Bill will not be passed, and the additional 25-basis-point rate hike has already been delivered. Now, institutions are still continuing to buy ETH. BitMine’s holdings are already approaching nearly 5% of the entire network. On top of that, a large amount of ETH is being staked, leaving fewer and fewer sellable supply on the market!
From a short-term perspective, around 2400 has already been holding steady. This wave of Ethereum still has a chance to break back above 2500. So if you’re holding long positions, naturally you can stay confident and hold on!
Two major negative news items in the market have basically been priced in: the Clear Bill will not be passed, and the additional 25-basis-point rate hike has already been delivered. Now, institutions are still continuing to buy ETH. BitMine’s holdings are already approaching nearly 5% of the entire network. On top of that, a large amount of ETH is being staked, leaving fewer and fewer sellable supply on the market!
From a short-term perspective, around 2400 has already been holding steady. This wave of Ethereum still has a chance to break back above 2500. So if you’re holding long positions, naturally you can stay confident and hold on!
