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$ETH Foundation cut 20% of staff + 40% budget. ETF outflows: $274M in 5 days. Fear & Greed: 13.
But BitMine just added 27K ETH — now holds 4.7% of total supply.
Retail panics. Institutions accumulate.
Glamsterdam upgrade (targeting Q3) cuts gas fees 78.6%, pushes 10K TPS. Standard Chartered: $7,500 target if it lands clean.
$1,600 is the line. Lose it → $1,500. Hold it → recovery intact.
DYOR. 👀
#Ethereum #ETH