Let’s break down this news flash:
① What happened: The CryptoBilis hacker deposited another 1,200 ETH, worth about $2.78 million, into Tornado Cash.
② Why it matters: It’s somewhat negative news and could trigger short-term selling and caution. The key thing to watch is whether the selling pressure is released all at once or builds gradually.
③ What I’ll be watching: How well the price holds near key levels, and whether other media outlets pick up the story.
④ How to respond: Don’t buy in just yet. Wait for the selling pressure to ease and the candlestick chart to stabilize before reassessing.
Back to the chart: $ETH is currently at 2355.54, up 2.04% over 24 hours, with an intraday range of 2297.44–2369.26.
Opportunity or noise?
① What happened: The CryptoBilis hacker deposited another 1,200 ETH, worth about $2.78 million, into Tornado Cash.
② Why it matters: It’s somewhat negative news and could trigger short-term selling and caution. The key thing to watch is whether the selling pressure is released all at once or builds gradually.
③ What I’ll be watching: How well the price holds near key levels, and whether other media outlets pick up the story.
④ How to respond: Don’t buy in just yet. Wait for the selling pressure to ease and the candlestick chart to stabilize before reassessing.
Back to the chart: $ETH is currently at 2355.54, up 2.04% over 24 hours, with an intraday range of 2297.44–2369.26.
Opportunity or noise?