Machi Big Brother reduced his position twice today, for a total realized loss of about $1.022 million.
Here are the arguments on both sides:
Bullish case: Now that the negative news is out, there’s one less uncertainty.
Bearish case: Confidence has been shaken, so short-term buyers may hold back.
My take: Both sides have a point. In the end, it comes down to which way the price and volume of $ETH move.
$ETH is currently at 2502.28, down 1.01% over 24h, with a 24h range of 2409.09–2545.
#ETH
Here are the arguments on both sides:
Bullish case: Now that the negative news is out, there’s one less uncertainty.
Bearish case: Confidence has been shaken, so short-term buyers may hold back.
My take: Both sides have a point. In the end, it comes down to which way the price and volume of $ETH move.
$ETH is currently at 2502.28, down 1.01% over 24h, with a 24h range of 2409.09–2545.
#ETH