๐Ÿš€ Ethereum's flirting with the $4k mark, thanks to the SEC's green light for spot ETH ETFs! ๐ŸŽ‰ This has traders buzzing about the altcoin's future. But, a surge of ETH into crypto exchanges might be a speed bump.

๐Ÿ“ˆ ETH has jumped nearly 20% in a month, largely due to the market's anticipation of US-based Ethereum ETFs. Post-approval, the price action was a bit meh, but the move towards $4k is a big deal.

๐Ÿ’ฐ On May 26, the volume of Ether entering exchanges hit a high since January, with a net inflow of 140.66k ETH. According to @intotheblock, such inflows usually signal selling, as folks aim to lock in profits or react to FUD.

๐Ÿ‘€ Who's cashing out? A "smart money" investor recently sold 3,025 ETH for 11.8 million DAI, pocketing a cool $1.11 million. Another Ethereum whale withdrew 2,856 ETH, valued at $11 million, from Kraken.

๐Ÿ—ฃ๏ธ What's your take on this? Is it time to sell or hold on for the ride? #ETH #Crypto #DeFi

Note: This article is relevant.