Feels like ETHBTC Week
The bottom looks close but I wouldn't be surprised if BTC keeps running while ETHBTC remains low. I could see it bottoming around .03287, if not here. That could mean BTC drops 10% while ETH drops less, which is possible.
It's definitely and interesting time, sentiment is extremely low on ETH but the lower ETHBTC gets the better it looks to me. People are calling it dead and are saying it will never recover (not everyone, but too many). People forget that ETH is actually great.
This space is way too convinced that crypto is all about gambling and that nothing has value. This is mostly true, especially now, but that won't be true forever and ETH will outlast pretty much everything.
It's definitely and interesting time, sentiment is extremely low on ETH but the lower ETHBTC gets the better it looks to me. People are calling it dead and are saying it will never recover (not everyone, but too many). People forget that ETH is actually great.
This space is way too convinced that crypto is all about gambling and that nothing has value. This is mostly true, especially now, but that won't be true forever and ETH will outlast pretty much everything.
Trade active
ETHBTC week has been delayed (again)Note
I have a feeling ETH will take over as the market leader when the bull market continues. This is not a common opinion so I think it will catch a lot of people off guard. It would make sense for big money to go after the less crowded market.
Plus, the Trump administration is clearly on the side of less crypto regulation which is good for ETH and the ETH ecosystem. This could take more time to play out but It's my current outlook.
Note
The dream is still aliveNote
This has obviously been abysmal. This week has been crazy with meme coins and people sold their ETH to buy SOL. I think ETH sentiment hit one of it's lowest points in history this weekend. Of course there could be more ETHBTC downside but overall ETHUSD looks good.
The meme coin madness will have a temporary shock on crypto but overall the market grew and will continue to grow because of ETF adoption. Now that Trump is in office the doors are wide open for money to come in. Any type of large domestic savings will not allocate towards meme coins, they'll allocate to BTC, ETH or some other large altcoin.
World Liberty Financial is loading up on ETH and BTC, in what world could that be bearish ETH. The President of the United States is buying ETH. I think people are overlooking this.
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Also the Ethereum foundation has been selling which could mark the bottom like when Bitcoin miners sold the bottom in the past. We'll see though. 
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.