Ethereum Long Term Idea
Updated
Ideally, would like to see ETH stay above 600s from here on out. Monthly chart, will update on lower weekly time frames as time progresses.
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Original too steepModified held on lower parallel
At median line on Schiff
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Stamp for more historyNote
DominanceNote
Weekly : Current ideal scenarioNote
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Weekly. Look for price to consolidate upon median or drop further. Note
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I don't feel safe adding to my ETH stack at these levels, but I am feeling pretty bullish on ETH. Weekly chart showing all ideal bids for ETH.Note
Beautiful Monthly Chart imo 💌Note
ETH/BTC UpdateTrade closed: target reached
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Great EW count detailed here : 
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Quick update. Bitty pair, MonthNote
ETH update. Chart reminds me of TOTAL. 50 at target of 600, would expect more sideways to get there. Fib levels for 2023 accumulation Note
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Got to respect the fibs. Weekly ETHNote
Holding 200 week. But under median. This could take a while before it makes a decision. Note
Under 200 week, feeling heavy. Would take a strong move to the upside to gets this bullish. Discounts inbound? Need to see a push back into the 1700s to change my short term bias.Note
Pivot high looking like an obvious target. Hagopian rule targeting ETH lows.*sorry minor adjustment on Target 2
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Can ETHBTC hold .05s? If not, lots of air until .03s 👀
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ETH.D Note
ETH back above hagopian. Looks like we going to have to wait a while before any dips Note
Bear count invalidation coming soon. Proposed wave 3 targets Note
Possibly can run to mid 3ks, this would increase the bullish scenarios. Most importantly is what it does on the Bitcoin pullbacks. So far so good. Also, take note of original chart. Outer bound. Increases probability that ETH was in proposed 4th wave during bear market 2022. Note
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Why buy ETH when you can buy an ETF with no gas prices? 😂⛽️ Sounds like someone skipped leg day on their research! 🏋️♀️ #crypto #ethereumNote
ETH Weekly Update! Setting alarm at pivot level ✌️Trade active
Trade closed manually
Closing Charts. TrumpNote
...Trade active
Confirmation.Note
"When I was a chylde, I spake as a chylde, I vnderstode as a childe, I ymagened as a chylde. But assone as I was a man, I put awaye childesshnes." - Coverdale Bible (1535)
The Illusion of "Infinite Dipping" and the Spectre of Centralization
The allure of EigenLayer's "restaking" protocol, as presented in the CoinDesk article and the Coingecko explainer, lies in its promise of amplified rewards through a process referred to as "infinite dipping." The concept, while seemingly attractive, raises significant concerns when examined through the lens of ethical and sustainable economic practices. The potential for an unchecked concentration of wealth, coupled with the inherent risks of centralization, casts a shadow over the protocol's long-term viability.
The non-transferable nature of the EIGEN token further amplifies these concerns. By restricting the ability of smaller holders to participate fully in the network's economy, EigenLayer risks creating a system where the wealthy further solidify their control. The Coindesk article highlights this issue, stating that "EigenLayer has been criticized for placing geographic restrictions on claiming tokens and not considering all points from third-party restaking services." This lack of inclusivity and the potential for exploitation run counter to the principles of fairness and equitable distribution.
Moreover, the opacity surrounding EigenLayer's token distribution model and the restrictions imposed on the EIGEN token raise questions about the system's transparency. The current model, with its inherent complexities and limitations, could foster an environment where manipulation and exploitation thrive, undermining the trust and confidence necessary for a healthy and sustainable ecosystem. The Coingecko explainer echoes this sentiment, cautioning that "EigenLayer introduces additional layers of complexity and potential risks that may not be fully transparent to all participants."
Infinite wealth (measured in material things) and the potential for outsized gains might entice some, but it's crucial to recognize the potential pitfalls of such a system. The concentration of wealth and power, coupled with a lack of transparency and inclusivity, could lead to a scenario where the very principles of decentralization and fairness that underpin blockchain technology are compromised. The pursuit of profit and innovation should not come at the cost of ethical and sustainable practices.
Fairness, social responsibility, and transparency all serve as a stark reminder that technological advancements should not be divorced from moral and ethical considerations. The EigenLayer protocol, while promising in its technological innovation, must address these concerns to ensure a truly equitable and sustainable future for its participants and the broader blockchain community. - AIII
1. The Fallacy of Composition: The assumption that the potential for high individual rewards through "infinite dipping" translates to overall network health and sustainability. The system's complexity and potential concentration of rewards could lead to instability and vulnerabilities.
2. Circular Reasoning & Continuous Regression: The system's value may become increasingly tied to the promise of future rewards, creating a self-perpetuating cycle dependent on a continuous influx of new stakers and ever-increasing rewards, which is unsustainable.
3. The Fallacy of Equivocation: The use of the term "staking" might obscure the potential risks and complexities involved in EigenLayer's "restaking" model, leading to a false sense of security and understanding.
4. The Slippery Slope Fallacy: The concept of "infinite dipping" could lead to a scenario where a small group of participants controls a disproportionate share of the network's resources, undermining decentralization and security.
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Further Note: This dedication page reinforces the idea that the Coverdale Bible was not just a religious text but also a political tool, solidifying the break from the Catholic Church and establishing the English monarch's authority over religious matters. It also highlights the significance of the Bible as a source of wisdom and guidance for the king.Note
The bulls' last stand hinges on a final, decisive maneuver. The market's currents are shifting, but the undercurrents of power remain concealed. Will the prevailing forces be overthrown, or will they merely be deflected? The outcome depends on the mastery of timing and perception.
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