The Ethereum Foundation has just announced the sale of 10,000 ETH, approximately ( at the current price $43M . Here is a detailed analysis:
**Short-term:** This is a typical supply shock scenario. When large holders sell off, retail investors become anxious. The market is expected to experience some consolidation or test the bottom. If you are gradually building your position, this may be the entry point everyone is waiting for. **Long-term:** This is just fund management. The foundation needs funds for research and development, security audits, and ecosystem rewards. This is actually a positive signal of active development, rather than a sign of distress. **True Story:** Such operations usually trigger panic selling first, and then smart money starts to accumulate. The price chart typically finds support and rebounds within a few days or weeks. Bottom line: This is not a signal of panic, just market noise. If you believe in Ethereum's roadmap, the downturn is actually a good buying opportunity. If you are trading with leverage, pay attention to support levels.
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ChinaEyeValleyHasAHigh
· 11-10 03:36
SOL is currently still facing resistance around 180, so you can monitor the key levels at 180, 178, 173, and 168 for resistance. Once these levels are confirmed, you can consider attempting a high-altitude position.
The Ethereum Foundation has just announced the sale of 10,000 ETH, approximately ( at the current price $43M . Here is a detailed analysis:
**Short-term:** This is a typical supply shock scenario. When large holders sell off, retail investors become anxious. The market is expected to experience some consolidation or test the bottom. If you are gradually building your position, this may be the entry point everyone is waiting for.
**Long-term:** This is just fund management. The foundation needs funds for research and development, security audits, and ecosystem rewards. This is actually a positive signal of active development, rather than a sign of distress.
**True Story:** Such operations usually trigger panic selling first, and then smart money starts to accumulate. The price chart typically finds support and rebounds within a few days or weeks.
Bottom line: This is not a signal of panic, just market noise. If you believe in Ethereum's roadmap, the downturn is actually a good buying opportunity. If you are trading with leverage, pay attention to support levels.