$ETH : Are we buying this co-founder "dump" before tomorrow's upgrade? š¤
Letās be realāseeing Jeffrey Wilcke moveĀ $157MĀ to Kraken yesterday was a bit of a gut punch for sentiment. Itās easy to panic when you see "co-founder" and "exchange" in the same sentence, but look at the tape. $ETH is fighting hard to stay aboveĀ $1,980Ā despite the FUD.
On-chain data shows whales are actually scooping up this "founder dip". Plus, donāt forget Binance is pausing $ETH deposits/withdrawals atĀ 05:55 UTC tomorrow (March 10)Ā for the network upgrade.
If we hold thisĀ $1,927Ā support, I'm expecting a quick bounce back towardĀ $2,170Ā once the upgrade is live and the dust settles.
Is this a trap or the last chance to buy sub-$2k? Iām leaning bullish. Whatās your play? š