The Ethereum Foundation finally couldn't stand the market's discussion. After Ethereum fell below 2400, it issued an announcement briefly describing what the money from the sale of coins was used for. The foundation's annual expenditure is about 100 million US dollars, and Vitalik Buterin revealed that his salary is 182,000 Singapore dollars. If Vitalik Buterin didn't pick up girls every day, and if the Ethereum Foundation didn't happen to fall after selling out, it is estimated that there would not be so many moths in the short term.
In the final analysis, Ethereum is too bad! Since the ETF was passed, most of the time has been in a state of net outflow. Even if the trend is getting milder, as long as it is outflow, the impact on the market is negative. Finally, I still have to tell you that the sale of coins by the Ethereum Foundation has no connection with the price of Ethereum itself. The reason why it falls every time it sells out is that it sells enough times, and it happens that every time it can be hyped up. The fundamental reason is that the market does not buy and liquidity is insufficient.
The big cake fell directly from the support range in the morning, which was too smooth. The short-term effect yesterday has no performance today. The market has already started to speculate that the bull market is over. It is estimated that there will be more voices like this if it crashes again, and the market will end.
We have no way to debate whether it is related to the external war, but from the trend of the cyclical market, the current wave of callback is abnormal. In the case of the decline, continue to pay attention to the low point of the small cyclical market at 58,000 points in the evening. If it can't hold, the 54,000 point wave will definitely be a shot.
