A friend asked if ETH can still rise? I told him directly: the exchange rate is likely to fall. The reasons are as follows:

The operation of Jeffrey Wilcke, co-founder of Ethereum, has a huge impact on the price of ETH.

Let's look at the bull market first. Wilcke's operation was amazing. He sold 290,505 ETH at an average price of $190, worth up to $55 million. The market was unprepared at the time, but he made a lot of money, just like throwing cards easily in Landlord.

During the bull market, when the entire market was crazy in 2021-2022, he was unusually quiet and did not change hands with a single ETH. Is it "Buddhist holding currency"? In fact, he may be brewing a bigger move.

Sure enough, on June 5, 2023, he made a big comeback, transferring 66,300 ETH to the exchange in just a few months, with a total value of $189.5 million and an average price of $2,859. This wave of precise sniping shocked the market.

Today, he still holds 106K ETH, worth $384 million. Will he continue to dump the market or wait for the next bull market? Although no one knows, his every move can undoubtedly shake the market.

Therefore, as long as Wilcke makes a move, the ETH exchange rate may fluctuate. If you want to predict the trend of ETH, it is right to keep an eye on the wallet address of this big man, maybe the next "big show" is about to begin!