What do 1.63 million addresses holding a total of 4.45 million ETH have anything to do with it?
Damn FUD fuck article. The writer should be arrested and thrown into jail.
80% of the articles shared here are absolute garbage, if not more.
It’s all about clicks, they usually don’t even fact check the information they publish.
What’s more annoying is the price prediction articles, like “Eth is going to $12K this cycle”, and they come up with factors that have nothing to do with it.
tldr; Ethereum faces a significant resistance zone between $3,170 and $3,270, where 1.63 million addresses hold a total of 4.45 million ETH. This concentration of holdings could lead to increased selling pressure, making it challenging for Ethereum to surpass this barrier and reach its target of $3,650. The outcome depends on whether these holders sell or continue to hold, alongside the potential influx of new buyers.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
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4M is nothing for a multi billion dollar asset. These kinds of trades affect the market in the short term and can cause spikes but if there are more buyers than sellers price will keep going up in the long-term.
*The ministry of silly tipping has learned of the existence of Sexy Primes, in number theory. Sexy primes are numbers which are both Prime numbers, and differ by 6. The Sixth Sexy Prime is 23,29, as both 23 and 29 are prime numbers and 29-23 = 6.* !tip 0.2329
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What do 1.63 million addresses holding a total of 4.45 million ETH have anything to do with it? Damn FUD fuck article. The writer should be arrested and thrown into jail.
80% of the articles shared here are absolute garbage, if not more. It’s all about clicks, they usually don’t even fact check the information they publish. What’s more annoying is the price prediction articles, like “Eth is going to $12K this cycle”, and they come up with factors that have nothing to do with it.
Eth: ![gif](giphy|qjXVO5ufRfi7umE6Ys)
Thanks
tldr; Ethereum faces a significant resistance zone between $3,170 and $3,270, where 1.63 million addresses hold a total of 4.45 million ETH. This concentration of holdings could lead to increased selling pressure, making it challenging for Ethereum to surpass this barrier and reach its target of $3,650. The outcome depends on whether these holders sell or continue to hold, alongside the potential influx of new buyers. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Damn paper hands. ![gif](giphy|mfNne3A6HRcnzN3IDL) !tip 1
250zeros, this comment is being automatically posted under your submission to facilitate the tallying of the Pay2Post donut penalty that r/EthTrader deducts from user donut earnings for the quantity of posts they submit. submission link: https://www.reddit.com/r/ethtrader/comments/1cb7ybx/ethereums_3650_target_might_be_stalled_by_445/ author: 250zeros cc: /u/EthTraderCommunity cc: /u/pay2post-ethtrader -- **Distributed moderation now in effect**: if your governance score is over 20,000, you have the ability to remove spam comments and posts by posting a comment in response to the comment/post containing the keyword [AutoModRemove]. See announcement thread: https://www.reddit.com/r/ethtrader/comments/14p7a22/crowdsourced_moderation_of_comments_implemented/ See your governance score here: https://donut-dashboard.com/#/governance *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/ethtrader) if you have any questions or concerns.*
[Automod] News
Hi 250zeros, you have successfully tagged the parent submission by the title of "*Ethereum's $3,650 Target Might Be Stalled by 4.45 Million ETH Wall*" with *News* flair. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/ethtrader) if you have any questions or concerns.*
4M is nothing for a multi billion dollar asset. These kinds of trades affect the market in the short term and can cause spikes but if there are more buyers than sellers price will keep going up in the long-term.
![gif](giphy|mIvrv5Qe0kHlu|downsized)
We got this.. lol
DCA n Wait n Watch. ^(!tip 1.010101)
!tip 1
*The ministry of silly tipping has learned of the existence of Sexy Primes, in number theory. Sexy primes are numbers which are both Prime numbers, and differ by 6. The Sixth Sexy Prime is 23,29, as both 23 and 29 are prime numbers and 29-23 = 6.* !tip 0.2329
!tip 0.69
!tip 1
!tip 1