Two very different ETH wallets moved on this dip.
Per Lookonchain, the "7 Siblings" wallet, known for buying crashes, bought 10,792 $ETH for about $22M at an average near $2,038 after the CPI sell-off. Meanwhile, an Ethereum Foundation-linked wallet sold another 1,000 ETH (about $2.03M), its second sale in two days.
ETH is around $2,066 now after a $2,006 low on Binance, and Fear & Greed sits at 29.
My read: $2,000 is the line that matters this week. If it holds and ETH gets back above $2,132 (yesterday's high), the dip buyers look smart. A daily close under $2,000 and I'd expect another leg lower before any real bounce. One big buyer is not a bottom signal on its own.
#ETH #Ethereum #OnChain #CryptoMarket
NFA
Per Lookonchain, the "7 Siblings" wallet, known for buying crashes, bought 10,792 $ETH for about $22M at an average near $2,038 after the CPI sell-off. Meanwhile, an Ethereum Foundation-linked wallet sold another 1,000 ETH (about $2.03M), its second sale in two days.
ETH is around $2,066 now after a $2,006 low on Binance, and Fear & Greed sits at 29.
My read: $2,000 is the line that matters this week. If it holds and ETH gets back above $2,132 (yesterday's high), the dip buyers look smart. A daily close under $2,000 and I'd expect another leg lower before any real bounce. One big buyer is not a bottom signal on its own.
#ETH #Ethereum #OnChain #CryptoMarket
NFA
