Ethereum / EuroShort
ETH SellOff
We are halfway down, and still the bulls are going long on resistance levels.
This will become increasingly hard to profit from as the amount of bull's that wait it out increases.
People new to crypto, who invested in november/december are backing out, and they are most of its market cap.
There is no way, what happened in nov/dec will happen right after this crash.
market cap early dec : 350 bln
market cap max : 830 bln
market cap now : 437 bln
If we go back to the market cap of early dec, you can expect another 25% drop
that will bring ETH to test the 500 EUR
If this breaks , you can expect a market that lost its bubble-growth momentum, until the news is positive and people start missing out again.
This will become increasingly hard to profit from as the amount of bull's that wait it out increases.
People new to crypto, who invested in november/december are backing out, and they are most of its market cap.
There is no way, what happened in nov/dec will happen right after this crash.
market cap early dec : 350 bln
market cap max : 830 bln
market cap now : 437 bln
If we go back to the market cap of early dec, you can expect another 25% drop
that will bring ETH to test the 500 EUR
If this breaks , you can expect a market that lost its bubble-growth momentum, until the news is positive and people start missing out again.
MVPMC
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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.
MVPMC
Disclaimer
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.