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/biz/ - Business & Finance

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File: 240 KB, 2443x1311, ETHLONGUSD.png [View same] [iqdb] [saucenao] [google]
28615098 No.28615098 [Reply] [Original]

Some weird shit going on with the Ethereum price lately. Aside from Longs getting absolutely wrecked, ETH seems to be having trouble breaking above $1850 with an unusual number of sell offs happening right before it breaks out. Bull flags are breaking down, failing to break key resistances despite record volume coming in, I've been watching the second interval charts pretty closely and it seems that maybe a auto trading bot is selling off whenever ETH tries to break these key resistance levels and Fibonacci levels... now isn't this a bit redundant to do, especially during a golden bull market? Especially with an asset that outperformed BTC and the rest of the crypto market last year? What are these guys planning?

>> No.28615242

>>28615098
It's accumulation phase before full ETH 2.0 launch this year.

>> No.28615321
File: 784 KB, 670x504, 1611829056090.png [View same] [iqdb] [saucenao] [google]
28615321

>>28615098
Extreme manipulation, price suppression

I'm watching it too, it's insanely obvious. Most likely due to mass accumulation, once ETH breaks 2k, the breaks are going to be broken and it simply won't stop. It's coiling up, when the ETH run begins, people will question why they bought BTC. It's going to be disgusting. ETH will likely hit 15k.

>> No.28615396

>>28615098
ETH is going to be the biggest loser of this entire bullrun. It's the one and only coin out of everything that's going to get left behind while everything around it (including king daddy Bitcoin) pumps to high heavens, leaving ETH in the dust. It's no wonder why there's such huge sell pressure, no one wants to hold this ticking time bomb piece of fucking dogshit. It's not too late to get out and recoup missed gains, but do it soon before you miss your only chance in life at financial freedom.

>> No.28615530

>>28615396
Lol faggot please. ETH

>> No.28615566

>>28615098
>>28615321
Ill do you a favour negritos
Miners are angry. Go find out why.

>> No.28615694

>>28615566
progpow?

>> No.28615864

>>28615566
EIP1559 I'm guessing? So why push the price of ETH down though? Wouldn't that just be hurting themselves? Sorry I'm not too familiar with the ins and outs of mining. What could be there motivation to orchestrate something like this? I mean this isn't just some low gap shit coin, we are talking hundreds of billions of dollars of market cap here. It would take an F2Pool size mining group to be able to move the needle this much

>> No.28615888
File: 103 KB, 278x278, 1555416393957.png [View same] [iqdb] [saucenao] [google]
28615888

>>28615098
>>28615321
You are overthinking this theres army of eth whales (i think im near whale status lol)+miners dumping near 2k because we are like 23x up in 10m....
I know im literally dumping 5 eth/day for weeks and will do it untill we brake 2k

>> No.28616006

>>28615098
ETH's and LINK's charts both look like this. Interesting.

>> No.28616081

>>28615098
Last bull cycle all the money went to BTC and ETH

This bull cycle all the money went to BTC and ETH killers. If projects like ada, dot, avax, bnb/bsc and their satellites didn't exist ETH would be at hundreds of billions more market cap. It's not there because it's garbage, the market is saying fuck you we don't need you no more and ETH will die a slow and painful death

>> No.28616116

>>28616006
They're both going to explode upwards, it's inevitable

>> No.28616171

>>28616006
>Muh charts and bots are surpressing the price
More like you're bagholding a piece of shit that shouldn't be where it's at in the charts

LINK has no purpose to exist. It's not suppression it's natural selection

>> No.28616209

>>28615098
ETH is dead

>> No.28616237

Bit boy crypto says ETH will be $2500 in the next week's and didn't mention the scitzo 1 second patterns you mention OP. Nice fud, but ETH isn't slowing down.

>> No.28616381

>>28616081
What? ETH alone is worth the entire rest of the alt market now excluding shit like tether. BTC is coming up in a trillion dollar cap.

>> No.28616442

>>28615098
It's because I bought some. Anything I buy dies.

>> No.28616705

>>28616116
Seems like it. I hold both

>>28616171
>Being this buttblasted
Ok homo. Have fun with your ADA soibags