Merley Cobham Sports

The great battle of $60,000... Seems like we keep dropping and revisiting this area for the Xth amount of time. Quite convinced that things might really accelerate if we get a REAL and long lasting break below. Price has been dipping below 60 multiple times. But never for a long period of time. Always just mostly wicks and bounces back. On the opposite site there's not much evidence yet that buyers are stepping in here. No big green candles on support. No large inflows either. No bullish pattern or footprints. It's a waiting game to see any of those appear because they haven't already. But overall there's still plenty of weakness in the market sadly.

The flip-flopping environment continues...

"Doesn't it concern you that Ethereum performed relatively bad the past 5 years? Doesn't it impact the potential?" Yes and no. It doesn't really influence its future ability to go up imo. Taking longer doesn't mean canceled. What it DOES however impact is short term upside. Meaning if Ethereum already got to $10,000 over the past 5 years its next likely stop would be $20,000. Because that hasn't happened yet and we are still kinda stuck here it means we won't just run from $2,000 to $20,000. Especially not in a large asset like Ethereum. "The longer the accumulation the bigger the expansion" While this is technically true, there are still limits to what something does in a short amount of time. It ain't a micro or low cap. And while Ethereum ain't the size of something like gold or silver either, you would never see those 10x in a single year either. Doesn't mean it won't get there someday btw. It just means there is a delayed upside window still sitting here at $2000 then if it would have already been sitting at $10,000.