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via BeInCrypto · By BeInCrypto Editorial

Was Bankless Founder Right to Sell His Ethereum? On-Chain Data Reveals

ETH

ETH/USDT

$2,649.00

+1.86%

$2,649.00

+1.86%

(24s)

24h Volume

$11,343,056,431.92

24h H/L

$2,668.00 / $2,600.63

Change: $67.37 (2.59%)

Long/Short

55.4%

Long: 55.4%Short: 44.6%

Funding Rate

+0.0046%

Longs pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$2,652.18

▲ 1.53%

Volume (24h): -

Resistance Levels

Resistance 3$2,979.88

Resistance 2$2,774.12

Resistance 1$2,707.68

Price$2,652.18

Support 1$2,565.01

Support 2$2,513.31

Support 3$2,393.65

Pivot (PP):$2,565.01

Trend:Uptrend

RSI (14):66.4

BeInCrypto Editorial

(11:30 PM UTC)

1 min read

Updated byJames Mitchell

0 comments

Bankless co-founder David Hoffman sold his Ethereum (ETH) holdings. He argues the “ETH is money” thesis has fully played out. On-chain data and the daily chart suggest the market is already pricing in his call.

Ether trades around $1,975, down 2.4% on the day and roughly 14% over the past month. Active addresses are falling, and exchange balances are rising again. Both echo the fade Hoffman…

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BeInCrypto Editorial · BeInCrypto

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