Pushing For Those Upside Moves ✨
X user Ella noted that the crypto finally escaped the 2,300 to 2,320 zone and the four hour chart is now showing higher lows which she called a solid first step 📈. The key spot now sits at 2,400 and reclaiming it might spark a pump toward 2,440. Michael van de Poppe argued the bounce from near 2,300 counts as a strong move but a full bullish breakout remains unconfirmed 🕸️. Much rather than expecting another drop the markets sit at the perfect sweet spot to hold and flip back upwards he added. Ted mentioned ETH currently tests a crucial resistance and taking back 2,400 would mark the first real sign of strength while MikybullCrypto got extra bullish telling over 92,000 X followers to see you at 3,600 in the short term 🦇.The Dump Keeps Rolling 🩸
A big hurdle for any solid ETH recovery stays the ongoing sell pressure from investors unloading coins lmao. One wallet tied to the Ethereum Foundation just offloaded 2,785 units for around 6.42 million. Another holder copied the move soon after dumping 1,500 ETH worth roughly 3.5 million after nine years of zero activity and originally scooped 100,000 coins for only 31,000 back in the 2015 ICO while still sitting on 48,500 ETH around 112 million 💎. Just hours ago an additional Ethereum Foundation linked investor sold 7,594 ETH near 17.8 million after a year of inactivity. This OG bought 200K ETH costing 61K during the ICO at 0.31 and also grabbed 42,654 ETH from the foundation when price hovered at 13.82 the analytics platform shared. BitMEX co founder Arthur Hayes added fuel by dumping about 22.28 million in altcoins earlier this month including 6,400 ETH roughly 15.2 million 🌑.Just another echo from the void by iconofsin.eth 💖
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