Big money’s moves are more honest than words:
“The Ethereum community has submitted draft EIP-8488, separating Gas pricing for new and legacy contracts.”
After news like this breaks, I ask three questions related to money:
1. Which way is aggressive buying and selling leaning?
2. Has trading volume for $ETH (24h: $506 million) increased significantly?
3. Have any large amounts been transferred on-chain to trading platforms?
Only when all three point in the same direction can the news be considered validated by the money; otherwise, it’s most likely noise.
News often affects sentiment first. The direction still depends on the money.
For reference only. Make your own decisions.
“The Ethereum community has submitted draft EIP-8488, separating Gas pricing for new and legacy contracts.”
After news like this breaks, I ask three questions related to money:
1. Which way is aggressive buying and selling leaning?
2. Has trading volume for $ETH (24h: $506 million) increased significantly?
3. Have any large amounts been transferred on-chain to trading platforms?
Only when all three point in the same direction can the news be considered validated by the money; otherwise, it’s most likely noise.
News often affects sentiment first. The direction still depends on the money.
For reference only. Make your own decisions.