$$$$$$$$the theory that ETH will remain stuck around 4000$ is coming true once again.
Firstly, we are starting to see nice profit-taking and it makes sense after this rise.
Secondly, we can observe huge sell orders appearing between 3850$ and 4000$ when it was empty before.
So here is my plan:
Initially, I wanted to wait until I got closer to 4000$ to close my LONG and sell my ETH SPOT but I think I will execute everything earlier around 3800$ to be safe.
Yes, it will give me less profit than if I close and sell everything at 3950$ for example, but it’s irrational to want to scrape a few percentages at the risk of getting stuck once again.
So be careful, this is just my opinion and this is not advice. Especially since I am still very exposed to ETH via ERC20 tokens and if ETH breaks 4000$ to finally reach an ATH, I will balance this choice with some BIG LONGs so I will benefit from a potential rise in any case.
Eric Trump's Comments on Ethereum Market Fluctuations
Binance News
According to Odaily, Eric Trump, the second son of American President Donald Trump, addressed concerns regarding his tweet from February 4 about the increase in his Ethereum holdings, which was followed by a drop of about 40% in the value of ETH. He stated: "ETH has increased by 35% over the last five months. Embrace the volatility. If you are smart, you should buy during the dip as I suggested." #ETH
U.S. Congress May Accuse Powell of Perjury Over Federal Reserve Renovation
According to Odaily, the Director of the U.S. Federal Housing Finance Agency (FHFA) has indicated that reliable congressional sources suggest one or more members of Congress may accuse Federal Reserve Chair Jerome Powell of perjury. The allegations are related to the $2.5 billion renovation of the Federal Reserve building. The matter is expected to be referred to the Department of Justice for further investigation.
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