Two very different ETH moves this week, per on-chain trackers.
An Ethereum Foundation-linked wallet sold another 2,500 $ETH today, about 7,500 ETH in 4 days for roughly 14.5M USDS (per Lookonchain and Onchain Lens).
On the other side, wallets linked to Erik Voorhees bought 48,647 ETH over the same 4 days at an average near $1,994 per Lookonchain, about $97M in total.
ETH trades near $1,830 on Binance right now, down about 5% today, with Fear & Greed at 13. So the dip buyer is already roughly 8% underwater.
My read: foundation sales are usually treasury and ops funding, not a top signal, but they add supply into thin weekend books. Into Monday I'm watching $1,800 on the daily close. Lose it and the $1,700s open up; reclaim $1,878 and the selling looks absorbed.
Who do you side with here?
#Ethereum #OnChain #CryptoMarket
NFA
An Ethereum Foundation-linked wallet sold another 2,500 $ETH today, about 7,500 ETH in 4 days for roughly 14.5M USDS (per Lookonchain and Onchain Lens).
On the other side, wallets linked to Erik Voorhees bought 48,647 ETH over the same 4 days at an average near $1,994 per Lookonchain, about $97M in total.
ETH trades near $1,830 on Binance right now, down about 5% today, with Fear & Greed at 13. So the dip buyer is already roughly 8% underwater.
My read: foundation sales are usually treasury and ops funding, not a top signal, but they add supply into thin weekend books. Into Monday I'm watching $1,800 on the daily close. Lose it and the $1,700s open up; reclaim $1,878 and the selling looks absorbed.
Who do you side with here?
#Ethereum #OnChain #CryptoMarket
NFA
