A whale added 2,188 ETH to its position, worth about $5.29 million.
It’s safer to wait for the price to pull back near support before reassessing than to chase it as soon as the news comes out.
This news isn’t very favorable, but the pattern of bad news triggering a drop followed by a recovery is nothing new.
$ETH . What’s your first instinct—is this good news or bad news?

#ETH

For reference only, not trading advice.