DiveInDefi
^Doesnt seem like this considering everyone is already leaving
Let's see how next week goes. Considering the summit, I think 73k is back in play if stocks continue to show weakness
Don't be fooled on many alts though.
Considering that 90% of all alts have fully retraced their pumps, some even further, I don't think there is much lower to go, !unless! we really enter a big bear market.
The ones that are still up big, have more downside. The ones that are just back in the multi-year long accumulation ranges shouldn't go much lower.
Still, something that goes from $1 to $5 and back to $1 can still go to $0.5.
Considering that 90% of all alts have fully retraced their pumps, some even further, I don't think there is much lower to go, !unless! we really enter a big bear market.
The ones that are still up big, have more downside. The ones that are just back in the multi-year long accumulation ranges shouldn't go much lower.
Still, something that goes from $1 to $5 and back to $1 can still go to $0.5.
Forwarded from Crypto News Aggregator by EXCAVO
DiveInDefi
$ETH log chart explains the previous cycle top at 4.1k
When adding a few more trends, $ETH really looks bad. Wow. It lost every single support.
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Only when you take these absolute wick lows on a non-log chart, we are above 1 lost uptrend. We do have this supporting liquidity zone as well between 1900-2000.
Bulls really need to step in here to safe this sinking ship.
Bulls really need to step in here to safe this sinking ship.
BTW, ETH has really gotten a lot cheaper.
>1$ for a TX, sub $0.1 for TX on L2s.
2017/2018 you could pay up to $200 and L2s just last year were >$5 per TX.
The traffic has decreased but there have been quite a few optimizations on ETH and L2s as well as DEXs.
>1$ for a TX, sub $0.1 for TX on L2s.
2017/2018 you could pay up to $200 and L2s just last year were >$5 per TX.
The traffic has decreased but there have been quite a few optimizations on ETH and L2s as well as DEXs.
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$ETH has also lost the 200W MA.
Historically, It has spent between 4 and 9 weeks below and then pumped above.
This would mean end of April.
Maybe we just hover around this current 1.9-2.2k range until May.
Every time it closed a weekly above the 200W MA after hovering below it, ETH pumped 60-150%
Historically, It has spent between 4 and 9 weeks below and then pumped above.
This would mean end of April.
Maybe we just hover around this current 1.9-2.2k range until May.
Every time it closed a weekly above the 200W MA after hovering below it, ETH pumped 60-150%
DiveInDefi
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This is the most bullish thing.
Europe printing, US printing.
All we need. Everything else is noise
Europe printing, US printing.
All we need. Everything else is noise