Anyone that knows me fully understands that I DISLIKE ETHEREUM A lot...Foe many reasons - So, please read this but understand, I am not going to paint many Rosey, Bright images about it....Mostly because there are NONE
For a start, the staking model giving Voting abilities DEPENDING ON HOW MUCH eth YOU HOLD..... is NOT decentralised Crypto
And the simple Fact that the American SEC refused to ever call ETHEREUM a Security while pointing its fingers at ALL others just leads me to feel that ETHEREUM is the Crypto of the American State...
Many think it was the 2nd Crypto to be released, the First ALT.
LITECOIN was the first..ETH arrived Late on the scene in 2013.
the ONLY thing that makes it 2nd is its Market Cap
SO, the Chart
The last Time ETH made a serious push was back in the middle of a BEAR market !
June 2022, while everything esle was dropping, dipping and crashing..... ETH made a push.
Suspicious from the start
With out to many details, FTX, another american Crypto "Baby" was likely responsible while manipulating the market as CZ from Binance stated at the time ( funny how the USA demanded he return and spend time in prison AT A LATER DATE huh )
Anyway, After this push, ETH Dipped sharply and recovered and then Ranged until the day that FTX collapsed.
And then look at what happened.
DROPPED while Every other Crypto in the world recovered some.
JAN 2023 - the beginning of the Recovery from a deep bear for crpyto.....
Except ETHEREUM - iT DROPPED AS MOST PEOPLE IN THE KNOW UNDERSTOOD JUST WHAT eth IS.
And now, With the President Trump Crypto loving American Dream coming alive, ETH decides to wake up after a Long Sleep....Why now ? Why not earlier ????
AND I STILL DO NOT TRUST IT
You can buy it, trade it, Just do not hold it is my opinion.
And it is at 54% right now...
Can it go higher ?
All depends on what the next phase of the USA CRYPTO DREAM has in store.
ETH last push in 2022 was 64% then ranged while being manipulated.....
Smells the same to me
BUY BITCOIN - HOLD BITCOIN
TRULY DECENTRALISED
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.