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Ethereumcrash

ETHEREUM showing strong downside after Crypto CrashLast year we were all bullish with the Crypto Summer. This year, I think there is so much uncertainty with what is going on in the US that investors are flocking out of crypto and going straight back to safer havens like Gold, bonds and Platinum. Anyway, I don't generally like big candles because it makes the analysis more erratic and volatile. However, we do see downside to come for the crypto giant. Price<20 and 200 Inv Cup and Handle Major spike Target $1,929
COINBASE:ETHUSDShort
by Timonrosso
ETHEREUM SHORT / ETH SHORTI am in love with the Cryptocurrencies, Blockchain, De-Fi and Web 3.0 and I will continue to search about this revolution. The Ethereum is one of the best in blockchain and I really like the purpose and vision of the founder and community. I love this kind of projects: Ethereum, Cardano... Although I do not see the security of the code as very effective, I like this proyect on the long-term. I think it's unfortunate that the world looks rigid to prices, to some numbers. Many of us here are investors and we are looking for returns. When things get ugly, even if we don't want it to, they get ugly and no one can change it. I have given details about this crash on other ideas, specially a cryptocurrency edition: "THE BITCOIN CRASH" (where I explain the crash of cryptocurrencies and bitcoin), I recommend you to take a lot at it for a further investigation. On Ethereum , we can see the highest peak: 4872.56 on 10 Nov, 2021 . And on the 18 Jun, 2022 the price was 993.94 : representing a fall of -78.65% If we take a look at the S&P 500 , we can see the highest peak: 4818.04 on 04 Jan, 2022 . And on the 22 Jun, 2022 the price was 3666.32 : representing a fall of 23.71% Where is the problem here? well if we take a look of all the crisis we have had, the drop was always between -45% and -60%. As far as we can "estimate", another fall is coming. Apart from the percentage of fall, the crisis in which we are still not over... then the market unfortunately need another drop... If we look at the S&P 500 it needs another fall of -23.71% since 993.94 (but we can see a more abrupt and longer fall). If we look at Ethereum it needs another fall of -78.65% since 3666.32 (but we can see a more abrupt and longer fall). Leaving us the price of Ether (ETH) at 221 I know that Ethereum will soon release its Ethereum 2.0 update and if all goes well the programs and applications on Ethereum will be more agile, and it can serve as a small support to the price of Ether. But inflation is inflation, falls are falls, crisis are crisis... Unfortunately this will be a long recovery since all the bubbles in the world have come together and created a huge one (check my linked ideas to know more). I wish long life and development of cryptocurrencies. Remember that not everything is the price, human development and progress is worth more than that. THIS IS NOT FINANCIAL ADVICE. YOU AND YOU ONLY ARE RESPONSIBLE FOR THE DECISIONS YOU MAKE. Any idea or point of view that you want to contribute in the comments, you are welcome, thanks for reading a like would be appreciated <3 Thanks you very much, Have a nice day!
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by TheWaterBottle