According to the Wall Street Journal, many bull markets begin with a constant, upward sloping, linear trendline, followed by a period of massive buying pressure and euphoria. Ethereum has strongly respected this green line I have charted here. We have not entered a period of euphoria, we entered a period of some selling pressure and fear in May, but we were never euphoric. People weren't pouring their life savings in. People weren't saying that Ethereum was going to go "up in a straight line forever." We can say the same about Bitcoin. Q4 is going to give us some fantastic gains. Hope you hodl along for the ride!
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Disclaimer
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.