اثيريومشراء
ETH- Next levels
OK. So anyone that is short ETH before 2,300 is a bozo. Its ATH breakout is nothing like the others. Its been almost 2 months since it hit its last ATH at $2,040 on the hourly and like $1,980 on the daily. TWO MONTHS.
Ill admit it deserved to be a laggard with the rediculous gas fees and the eth voting powers that be failing to see the affects gas mining costs would have on ETH price....But maybe they didn't fail. Maybe they didn't want ETH to be trading at $5,000 at this stage in the game.
Point being, its way undervalued LT bc of the prohibitive costs for retail/new entrants to actually use it for tx purposes. But now that we are at ATH's and the on-chain amount of ETH is at an all time low, ETH only needs a little demand of what is currently an annemic amount of supply and volume to make a big move up (which its doing now).
ETH's value will only further be unlocked with the passing of 1559 and the development and liquidity growth on layer 2 protocols in the meantime. IT is the single most undervalued (top 20) cryptocurrency in the market today because of the above mentioned limitations.
So will it bounce from 2100 to 2400 and retest 2100 before going to 2500 and then retesting 2100 again in the next month or so? Perhaps...But will it launch into another orbit (no less than 5,000 by june 15th)? Absolutely.
As always, i'm writing this to myself. this is a personal diary and not intended to be financial advice. my own personal reference and benchmarking tool.
Ill admit it deserved to be a laggard with the rediculous gas fees and the eth voting powers that be failing to see the affects gas mining costs would have on ETH price....But maybe they didn't fail. Maybe they didn't want ETH to be trading at $5,000 at this stage in the game.
Point being, its way undervalued LT bc of the prohibitive costs for retail/new entrants to actually use it for tx purposes. But now that we are at ATH's and the on-chain amount of ETH is at an all time low, ETH only needs a little demand of what is currently an annemic amount of supply and volume to make a big move up (which its doing now).
ETH's value will only further be unlocked with the passing of 1559 and the development and liquidity growth on layer 2 protocols in the meantime. IT is the single most undervalued (top 20) cryptocurrency in the market today because of the above mentioned limitations.
So will it bounce from 2100 to 2400 and retest 2100 before going to 2500 and then retesting 2100 again in the next month or so? Perhaps...But will it launch into another orbit (no less than 5,000 by june 15th)? Absolutely.
As always, i'm writing this to myself. this is a personal diary and not intended to be financial advice. my own personal reference and benchmarking tool.
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.