According to Greeks.Live's daily briefing for the Chinese community, a significant outflow of Ethereum from staking is expected, which could impact the market.
Expected Ethereum Outflow
Greeks.Live reports that by the end of this week, approximately 880,000 Ethereum (ETH) will be withdrawn from staking, equating to about $2 billion in potential selling pressure.
Hedging Recommendations
The analysis firm advises to develop hedging strategies during periods of relative price fluctuations while also emphasizing the risks associated with frequent trading. One recommendation is to avoid selling put options at $4,000 due to the high volatility of Ethereum.
Market Analysis and Predictions
The report mentions the possibility of a sudden market drop ahead of interest rate cuts, with the $4,200-$4,300 range serving as critical resistance and the $4,000 level acting as significant support. As of the time of writing, ETH is trading at $4,364.
The anticipated outflow of a substantial amount of Ethereum from staking may put pressure on the market, as confirmed by the Greeks.Live analysis. Investors are advised to monitor changes and approach trading strategies with caution.
