I've recently talked about the common confusion between reaccumulations and distributions. I won't go into details because I'm too lazy atm.
But for now, I'd bet on reaccumulation for this chart. We will have a much better macro picture in a few weeks.
But for now, I'd bet on reaccumulation for this chart. We will have a much better macro picture in a few weeks.
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If you are looking for fundamental reasoning, here is mine. Crypto "industry" doesn't need Bitcoin. Online gambling can work very well without Bitcoin. ETH is a slightly useful tech. Very useful in online gambling industry. Bitcoin on the other hand is just an old statue.
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I don't say this to belittle this industry. Gaming and gambling is a very big thing, it is definitely not something to be underestimated.
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I bet even ETH maxis wouldn't believe this is possible :D That.. You know, feels like the bottom.
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Let me repeat. Imagine losing against a memecoin as the most important utility project of the space. If it does it's over for Ethereum I suppose.
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A memecoin that is not even funny.
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This monthly chart acts like a 5m chart. Crazy shit.
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Soon we may find ourselves talking about ETH.D
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If this was a coin, would you buy it? I would smash the green button.