Why can’t ETH be sold (ETH Sale)
Why can\’t ETH be sold? According to ethnews, the Ethereum 2.0 testnet, Medalla,
Why can’t ETH be sold? According to ethnews, the Ethereum 2.0 testnet, Medalla, will activate the genesis block at 3:00 am Beijing time on June 17th. The price of ETH should exceed $2000 before the mainnet goes live, but it has not yet broken the $2000 mark. This makes it difficult for many miners to participate in trading. Additionally, the rising price of Ether requires significant mining costs and developer investments, so why can’t ETH be sold?
Firstly, from the historical data of ETH: Some people in the Ethereum community believe that ETH is already dead, while influential individuals express their support for ETH. However, as ETH is a network application, it lacks sufficient incentives to attract more users. Therefore, when the price of ETH starts to decline, it may increase market selling pressure.
ETH Sale
ETH is sold.
The price of ETH is $1, and it has increased by more than 30% over the past week. This means that ETH is now close to $50,000. Therefore, if we assume that the current price is higher than this target (approximately $43,000), ETH can start to rise again.
Number of buyers for the ETH/USDT trading pair: https://etherscan.io/address/0xe7e2a6dc3f9da8bcfeddf0bead77bdfbaaeb66aa
The total number of addresses on the Ethereum network has reached 1.4 billion. (Note: This data is provided by Etherscan.)
ETH/BTC trading pair: https://etherscan.io/address/0x00bbbf24fa8830ca45d71cdb70baeaf22ccb31cb50a
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