$ETH short setup https://t.co/sPbtO8pVX8
$ETH short setup https://t.co/sPbtO8pVX8
Is there anyone who still believes that $ETH can pull an easy 3x from here this year or I'm the only one?
In my opinion, Ethereum currently resembles a massive coiled spring undergoing prolonged accumulation rather than a market signaling a completed speculative cycle. The longer this consolidation phase persists while liquid supply continues tightening beneath the surface, the greater the probability that the eventual expansion phase unfolds aggressively. Markets often move the furthest after periods of maximum compression, and in my opinion, that is precisely the type of structure Ethereum is building right now.
Ethereum (ETH) is a decentralized platform that runs smart contracts, defined as applications that run exactly as programmed without any possibility of downtime, censorship, fraud, or third-party interference. These apps run on a custom built blockchain, an enormously powerful shared global infrastructure that can move value around and represent the ownership of property. This enables developers to create markets, store registries of debts or promises, move funds in accordance with instructions given long in the past (like a will or a futures contract) and many other things that have not been invented yet, all without a middleman or counterparty risk. The project was bootstrapped via an ether presale in August 2014 by fans all around the world. It is developed by the Ethereum Foundation, a Swiss non-profit, with contributions from great minds across the globe.