According to Greeks.Live's daily briefing for the Chinese community, approximately 880,000 Ethereum (ETH) will be withdrawn from staking by the end of this week. According to the analyst firm, this is expected to bring $2 billion worth of weekly selling pressure to the market and cause a 5% to 7% drop in Ethereum price. Greeks.Live recommended creating hedging strategies during periods of relatively minor price fluctuations, but also emphasized the risks associated with frequent trading. For options trading, it was stated that put options at $4,000 are unfavorable due to the high volatility in Ethereum. However, it emphasized the need to combine different strategies to protect against one-sided market movements. Related News: US Treasury Department Takes First Step Toward Trump's Bullish Cryptocurrency Law Other highlights of the Chinese community report include the possibility of a sudden sharp decline in the market before an interest rate cut, with the $4,200-$4,300 range appearing as critical resistance and the $4,000 level appearing as a significant support point. ETH price is trading at $4,364 at the time of writing. *This is not investment advice. Continue Reading: Chinese Analysis Company Issues Warning for Ethereum (ETH): What Are They Expecting?
Pundit: This Is Why They Shit on XRP
