Recently, it was just Bitcoin rising alone while other coins were plummeting, heavily draining. External funds only recognize Bitcoin. Look at the US, the assets under management of Bitcoin ETFs ($129.3 billion) have surpassed those of gold ETFs ($128.9 billion).
Gold has been around for over twenty years, and Bitcoin has surpassed it, this is the charm of new things.
But surprisingly, Ethereum has also hardened at this time and has not been drained down. A very good signal. The pressure point that has been mentioned before has broken through and stabilized, making it easier from here on out. The Federal Reserve is also about to cut interest rates, everything is favorable. Just waiting for the flood to irrigate the crypto market.
But just now the Ethereum Foundation sold another 100.$ETH This year they have sold 4,466 ETH, approximately 12.62 million dollars. This small V is really spending money on dating and sponsoring projects. It’s all coming from our Ethereum holders' money! In the past, the foundation sold coins at short-term highs. But the leader believes that this time it will definitely break the norm and break the spell of selling leading to a drop!
The community has been calling for more Ethereum, holding patiently, a stable asset is suitable for large positions.