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Sellethereum

ETH/USDT perpetual It is time to SELL ETH !!!! Ethereum Insiders Settle Wrapped Ethereum (WETH) Insolvency FUD Rising concerns began circulating on Nov. 26 regarding Wrapped Ethereum (WETH) insolvency fears. Crypto Twitter calls for calm after wETH insolvency joke goes viral. Rising concerns began circulating on Nov. 26 regarding Wrapped Ethereum (WETH) becoming unpegged with ETH. Some speculated that WETH wasn’t backed 1:1 by ETH, which gave rise to insolvency fears. Ethereum developers and influencers stepped in to conclude the situation, calling it FUD. Recent price corrections triggered by the collapse of FTX exacerbated fears and uncertainty within the already-rocky cryptocurrency industry. Speculation can inject further anxiety, as is the case here. An alleged joke regarding the insolvency of Wrapped Ethereum was trending over the weekend. Blockchain and ERC-721A developer ‘cygaar’ took to Twitter on Nov. 27 to make claims that WETH would soon be insolvent: “A person I have known for more than ten years, who I consider trustworthy, is convinced that WETH will depeg and experience a total collapse. I don’t know anything concrete, but if I were exposed, I would be concerned.”
Short
by Incantus
SELL Ethereum!! Eth H&S Pattern Confirmation. Bears in Control!This chart is pretty self-explanatory. Head and shoulders pattern has completed and with current Macro-Economic conditions worsening and tightening, I guess this truly was one of those, "Buy the rumors, sell the news" events with the Ethereum Merge. Not only this, but we are consistently trending down, making a series of lower highs and lower lows. The trend remains intact and very strong. I thoroughly expect us to double bottom or even make a new low on Ethereum. The time frame for when this happens remains to be seen. My take profit Targets on my short are $1000 - $880 for 75% of my position. I will hold this position into a new low if that occurs. This will be my position on the markets until we print a new higher high and a breakout on Ethereum above $2,050 will prove this theory wrong.
COINBASE:ETHUSDShort
by RookInvesting
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