Is Ethereum about to break out or is it all inflated with hot air? 🌬️💸
Today $ETH is in the spotlight:
📍 Price: $2.780
📊 Volume: $13.5 B
📈 RSI: close to 77 (overbought zone)
📦 ETFs lurking, regulators watching
Everything indicates that something big is coming.
But... we already know how this works: it keeps going up, and just when everyone gets in, it crashes. 🚨
I love Ethereum. It has fundamentals, community, constant developments. But I no longer believe the "it's too late, buy now or you'll miss out."
Today I hold my position. I neither enter nor exit. I need a clearer signal to move

Checkpoint #3 is live! The Checkpoint series keeps you up-to-date on Ethereum protocol development calls, so you can get a high-level recap without having to watch every call
I cover: Pectra going live, the state of the next upgrade (Fusaka), history expiry, and Glamsterdam

Here are some key statistics about **Ethereum (ETH)** updated as of **June 2024**:
### 📊 **General Data:**
- **Current Price:** ~$3,800 USD ( varies according to the market ).
- **Market Capitalization:** ~$450 billion USD ( 2nd cryptocurrency after Bitcoin ).
- **Circulating supply:** ~120 million ETH.
- **All-time high (ATH):** ~$4,891 USD (November 2021).
### 🔥 **ETH burn (EIP-1559):**
- Since the implementation of ETH burning in August 2021, **more than 4.5 million ETH** ( valued at ~$17 billion USD) have been burned.
- **Current burn rate:** ~3,000 ETH/day (varies with network usage).
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excellent eth is going to rise

#ETH5S#
because they sell instead of buying