Friends, the market is down a bit tonight, and especially ETH. By the way, BTC has already almost recovered from the fall, but ETH still continues to fall. Let's understand why this happened.
There were great chances to rise, but we see that Grayscale continues its dirty game and sells assets at the start of ETF trading.
Yes, they created Ethereum Mini Trust with zero commission for the first 6 months, there was a chance and hope that they would move assets from a trust with high commission to this trust where there is no commission.
But we're seeing sales again. This is going to go on for some time to come.
📑 By the numbers: ETH outflow from ETFs by $133 mln. And Grayscale sold almost $327 mln, other funds managed to raise $193.7 mln in total.
The second reason for the fall is Mt.Gox is sending its BTC to creditors. Who does not remember, this exchange was hacked in 2024.
🔖 And now we see how the symbiosis of these two factors has contributed.Now we can only wait for Grayscale to sell all its ETH, just like it did with BTC.
Do you think we will touch the price of $2,900 for ETH? (currently $3,254).
🔥 — YES
🐳 — NO
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