TL;DR
Full Story
“I didn’t hear no bell!”
— Rocky, Rocky V, 1990 Ethereum, market crash, 2024.
The ETH ETFs are coming in hotter than the milk we’re simply now remembering we left within the automobile (ooops).
They took in additional investor {dollars} yesterday than on their debut (with traders shopping for up 40,700 ETH) — completely ignoring the market implosion within the course of!
Which continues to again up the idea we floated yesterday:
If the big-dogs of the standard monetary world are shopping for the dip, the bull run remains to be on.
So if all goes to plan — the place to from right here?
Easy: base → climb → crunch.
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Base = traders persevering with to purchase at what they see as a discount, making a value base that can be laborious to interrupt down from.
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Climb = as extra traders attempt to get in at these costs, ETH will start to recuperate.
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Crunch = provide crunch. At a sure level, ETH’s demand will outweigh its provide, pushing Ether to new all time highs.
Buckle up people…
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