#ETHBreaks3700 When should I sell?
Here are some things to keep in mind for ETH investors.
If you look at the heat map of the ETH price distribution below, you can see that people who bought around $2,520 on July 1st are selling back to take profits. But they still have almost 2 million ETH left.
There are 3 lessons to learn from this:
1. Time your profits (i.e. sell back a little bit when the price goes up).
2. Expect the price to go up again (so you don’t sell back a lot).
3. New demand is buying back what the sellers are selling (so the price doesn’t drop too much).
$$ If ETH goes above $4,200 next month, I would consider selling some ETH.