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via BeInCrypto · By BeInCrypto Editorial

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

ETH

ETH/USDT

$2,510.68

+6.92%

$2,510.68

+6.92%

(24s)

24h Volume

$29,277,066,130.86

24h H/L

$2,546.78 / $2,337.23

Change: $209.55 (8.97%)

Long/Short

56.9%

Long: 56.9%Short: 43.1%

Funding Rate

+0.0056%

Longs pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$2,518.49

▲ 0.09%

Volume (24h): -

Resistance Levels

Resistance 3$2,977.80

Resistance 2$2,829.96

Resistance 1$2,600.39

Price$2,518.49

Support 1$2,462.69

Support 2$2,378.60

Support 3$2,184.42

Pivot (PP):$2,462.69

Trend:Uptrend

RSI (14):88.4

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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