Ethereum bull David Hoffman explains why he sold his ETH
“Ethereum got the ETH price it deserves, and I don’t see ETH being rerated as an asset, higher or lower,” says David Hoffman.
The Defiant·
Ethereum staking demand vastly outpaces validator exits, with over 3.39 million ETH queued to enter the network against just 64 ETH waiting to unstake.
Read full article“Ethereum got the ETH price it deserves, and I don’t see ETH being rerated as an asset, higher or lower,” says David Hoffman.
On-chain data shows an ancient Ethereum wallet containing 2,000 ETH that had been inactive for nearly 11 years has suddenly come back to life. Ethereum OG Wallet Has Turned $620 Into $4.2 Million According to data from cryptocurrency transaction tracker service Whale Alert, an old Ethereum wallet has just broken a 10.8-year phase of dormancy. […]
The long-term prospects for Ethereum remain bullish, but short-term pain could come first, according to analysts.
David Hoffman says he sold ETH as the "ETH is money" thesis has played out, while staying bullish on Ethereum apps, L2s and stablecoin use.
Ethereum trades near $2,073 as bulls watch $2,500 and $3,100 SMA levels for signs of a stronger trend reversal. Ethereum bulls watch $2,500 and $3,100 SMA levels as key triggers for a possible uptrend. ETH remains near support, while weak momentum keeps pressure on buyers. A reclaim of the 200-week SMA and a break above […] The post Ethereum Bulls Eye $2,500 And $3,100 SMA Breaks To Confirm Uptrend appeared first on Live Bitcoin News.
Ethereum price started a fresh decline and traded below $2,080. ETH is now consolidating above $2,050 and might struggle to recover. Ethereum remained in a bearish zone after a fresh decline. The price is trading below $2,100 and the 100-hourly Simple Moving Average. There was a break below a bullish trend line with support at $2,095 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it stays below the $2,100 zone. Ethereum Price Consolidates Losses Ethereum price failed to remain stable above $2,120 and started a downside correction, like Bitcoin. ETH price dipped below the $2,110 and $2,100 levels. The price even traded below $2,080. Besides, there was a break below a bullish trend line with support at $2,095 on the hourly chart of ETH/USD. A low was formed at $2,052, and the price is now attempting to recover. There was a recovery wave above the 23.6% Fib retracement level of the downward move from the $2,138 swing high to the $2,052 low.
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