What if ETH just rips from here and leaves everyone sidelined
I see very few people on the TL talking about the potential huge ETH long here, and how good the setup is
Some thoughts:
- 3 weeks of failing to break above yearly POC, but continuing to grind into it
- Institutional bid coming in, specifically rotating from BTC to ETH, public companies buying as well
- SOL pair, and even BTC pair for that matter, look bad against ETH, and with pumpfun ICO coming it feels very rotational to ETH eco
- ETHBTC multi-year range low, and I fail to see any further near or midterm catalysts that would suggest that range breaks down, if anything I think it could revert to midrange or higher
Does it reject again, possibly, but willing to take the risk here as I believe the heavy hand is below us
Long + DCAing margin