Taking Small ETH Profits While Watching for a Potential $2400 Dump

How ETH is getting sucked out of the market.

These days there’s a new headline almost every day about billions being injected to buy Ethereum. One day an ETH ETF sees $1 billion in inflows, another day a whale buys $1.35 billion, and some firm announces plans to acquire $5 billion worth of ETH.

I’m torn — comfortable and uneasy at the same time. Here’s what I mean:

I like it: big purchases push the price up, my portfolio gains value, and I enjoy a few extra percentage points each day.

I don’t like it: aggressive buying can overheat the market and increase the chance of a sharp sell-off by large whales at new highs. Right now about 97% of ETH holders are in profit.

I try to calm myself by telling that this isn’t just crude manipulation but part of a plan to turn ETH into an alternative financial-economic system controlled by big whales.

But what if we get fooled again and ETH drops to $2400? That would hurt. So I’m slowly selling small portions of my ETH to have cash for winter and to protect my mental health in case of a dump.

Are you locking in profits, or waiting for the once-in-a-millennium bull run?