$ETH WAS ABOUT TO BOUNCE But the Drift Protocol exploiter has a different idea ❌ This potential sell pressure is BEARISH FOR ALTCOINS The attacker sent 25,700 $ETH, about $61.56M, into Tornado Cash in batches of 100 ETH each, while still holding roughly $195M across other addresses. That timing has altcoin holders worried that a wave of sell pressure is coming, and I understand why. 👉 What the transfers actually mean? Depositing into Tornado Cash is about hiding the trail and making recovery harder, and it is not a sell order by itself. The funds were already sitting in ETH, so the market impact only shows up if the attacker later swaps or cashes out, and that usually happens slowly to avoid moving price. The bigger overhang is the $195M still sitting elsewhere, since any of it can start moving the same way. 👉 Where the chart stands right now On the weekly, ETH is retesting the $2,300 to $2,450 zone, which was resistance for most of the year and is now trying to act as support. A weekly close that holds above this zone keeps the bullish structure intact and opens the way back toward the $2,800 highs. A close back below it would turn this into a failed breakout, and that is the level I would watch more closely than the headline itself. Headlines like this create fear fast, but price only reacts if the coins actually reach the market, so I would track on-chain flows before reacting to the story.