ETH is on fire โ up 53% in the last 30 days and now trading at $4,220 ๐
๐ But today, some big names took profit. Erik Voorhees, early Bitcoin evangelist and ShapeShift founder, sold $27.38M worth of ETH. His last sale was in Dec 2024.
Ethereum co-founder also moved 9,840 ETH ($9.22M) to Kraken. With 95,897 ETH still in his wallet, this could be just the beginning if he decides to offload more ๐ฑ
Weekly RSI hit 70. Every single time this happened in recent years, ETH retraced at least 11%, and in some bull market cases the drop exceeded 25% โ๏ธ
So it might be time to Short $ETH .