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According to Odaily, Sui Chung, the CEO of CF Benchmarks, has stated in an interview that all regulatory precedents indicate that ETH tokens should be classified as a 'commodity'. This statement comes amidst ongoing discussions about the nature and classification of various cryptocurrencies. Chung's assertion adds to the growing consensus among industry leaders about the status of ETH tokens. His comments are based on existing regulatory precedents, suggesting that the classification of ETH tokens as commodities is not a new concept, but rather a widely accepted view within the industry. However, it is important to note that the classification of cryptocurrencies can vary depending on the jurisdiction and the specific regulatory body involved. Therefore, while Chung's comments provide insight into one perspective, they do not necessarily represent a universally accepted viewpoint. This news highlights the ongoing debate about the nature of cryptocurrencies and their place within the global financial system. As the industry continues to evolve, the classification and regulation of cryptocurrencies like ETH will likely remain a topic of discussion.

“The chart moves daily. The network moves generationally.”
Ethereum is trading near $1,900–$1,950, down sharply over the past week.
But price alone doesn’t tell the full story.
On-chain data shows wallets holding 1,000+ ETH have reduced their share of total supply by 1.5% over the last 11 weeks, pushing their combined holdings below 75% — the lowest in 7 months.
That sounds bearish.
But context matters.
What’s Actually Happening Under the Surface?
While whales have been distributing:
• Retail wallets (<1 ETH) are at all-time high supply share
• Mid-tier wallets (1–1,000 ETH) are increasing holdings
• Binance data shows 5-day large net outflow of ~218K ETH
• 24h net inflow remains negative
• Margin long/short ratio trending downward
This tells us something important:
This isn’t aggressive accumulation yet.
But it also doesn’t look like panic liquidation anymore.
It looks like post-deleveraging stabilization.
Market Psychology Right Now
Whales have reduced exposure.
Retail is slowly stepping in.
Mid-tier wallets accumulating — possibly staking-driven.
Sentiment is defensive, not euphoric.
When large holders distribute into weakness, price usually struggles.
But when selling slows after heavy deleveraging, the market enters a compression phase.
ETH currently sits in that phase.
Technical Structure Snapshot (Binance ETH/USDT)
• Major support: $1,750 zone
• Psychological level: $1,800
• Resistance reclaim zone: $2,050
• Broader trend reclaim: $2,400
Price remains below short-term moving averages.
No confirmed reversal — but momentum is cooling, not accelerating downward.
The Bigger Picture
Even as short-term pressure builds, Ethereum’s long-term roadmap remains structurally strong.
Developers like Danny Ryan — who led crypto’s biggest upgrade and paved his own path — continue shaping infrastructure that could help bring an estimated $120T traditional financial market opportunity onto Ethereum.
The long game hasn’t changed.
The question is timing.
What This Means For Traders
If whale distribution continues:
→ Downside pressure may persist
→ Relief rallies could face supply
If selling stabilizes:
→ Market may attempt reclaim toward $2,050
→ Short squeeze potential increases
Right now, ETH is not in capitulation mode.
It’s in recalibration mode.
And recalibration phases often precede major directional moves.
🎯 Final Thought
When whales reduce exposure while retail accumulates, volatility usually expands — not disappears.
The real signal won’t be the selloff itself.
It will be when large wallets stop selling.
That’s when sentiment shifts.
Until then, Ethereum remains in a technical repair phase — not a structural breakdown.
⚠️ Disclaimer (DYOR):
This content is for educational purposes only and not financial advice. Always manage risk responsibly and conduct your own research.
#WhaleDeRiskETH #CryptoNewss #ETHETFsApproved #CZAMAonBinanceSquare
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