Let's break down this news:
① What happened: Starknet is considering transitioning to an L1 so it can independently advance quantum security upgrades, with the upgrades potentially happening as early as 2027.
② Why it matters: This is somewhat negative news that could trigger short-term profit-taking and caution. The key is whether the selling pressure is released all at once or builds gradually.
③ What I’ll be watching: Whether buyers step in on a pullback, and whether the market has already priced this in.
④ My approach: I’m not rushing to buy the dip. I’ll wait for the selling pressure to ease and the candlestick chart to stabilize before reassessing.
In trading terms, $ETH is currently at 2560.09, down 1.95% over 24 hours, with an intraday range of 2538.06–2612.48.
Price action’s reaction to the news tells us far more than the news itself. Are you bullish or bearish from here?
#ETH
NFA, DYOR.
① What happened: Starknet is considering transitioning to an L1 so it can independently advance quantum security upgrades, with the upgrades potentially happening as early as 2027.
② Why it matters: This is somewhat negative news that could trigger short-term profit-taking and caution. The key is whether the selling pressure is released all at once or builds gradually.
③ What I’ll be watching: Whether buyers step in on a pullback, and whether the market has already priced this in.
④ My approach: I’m not rushing to buy the dip. I’ll wait for the selling pressure to ease and the candlestick chart to stabilize before reassessing.
In trading terms, $ETH is currently at 2560.09, down 1.95% over 24 hours, with an intraday range of 2538.06–2612.48.
Price action’s reaction to the news tells us far more than the news itself. Are you bullish or bearish from here?
#ETH
NFA, DYOR.