TL; DR
Full story
“I didn’t hear a bell!”
— Rocky, Rocky V, 1990 Ethereum, market crash, 2024.
The ETH ETFs are coming in hotter than the milk we just remembered we left in the car (oops).
They raised more investor dollars yesterday than their debut (where investors bought 40,700 ETH) – completely ignoring the market implosion in the process!
Which still supports the theory we put forward yesterday:
If the big dogs of traditional finance buy the dip, the bull run is still underway.
So if all goes according to plan, where to from here?
Simple: base → climb → crunch.
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Base = investors continue to buy at what they see as a bargain, creating a price base that is difficult to break from.
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Climb = As more investors try to get in at these prices, ETH will start to recover.
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Cracking = supply crisis. At some point, ETH demand will exceed supply, causing Ether to soar to new all-time highs.
Brace yourselves people…