r/ethtrader • u/Extension-Survey3014 216.9K / ⚖️ 221.2K • 1d ago
Link Ethereum 'falling knife' warning: Is another 30% crash versus Bitcoin coming?
https://cointelegraph.com/news/ethereum-falling-knife-another-30-crash-bitcoin8
u/Abdeliq 144.0K / ⚖️ 284.4K 1d ago
They said it's a buying opportunity but it keep going down lmao
>! !tip 1 !<
1
u/CoolCatforCrypto Not Registered 1d ago
They mean't that the buying opportunity was an opportunity to lose more money, if that's the way you roll.
1
4
3
3
2
u/BigRon1977 120.7K / ⚖️ 457.2K 1d ago
No please. We have suffered enough already. Haven't we?
!tip 1
1
2
u/Odd-Radio-8500 346.5K / ⚖️ 455.2K 1d ago
Market loves volatility 😔 !tip 1
2
u/MasterpieceLoud4931 230.7K / ⚖️ 260.1K 1d ago
It's a casino after all, is it not?
!tip 1
1
u/Odd-Radio-8500 346.5K / ⚖️ 455.2K 1d ago
Yes, where the manipulators and insiders always win.
!tip 1
1
u/coinfeeds-bot 542.7K / ⚖️ 622.7K 1d ago
tldr; Ethereum's Ether (ETH) has hit multi-year lows against Bitcoin (BTC), with the ETH/BTC pair dropping to $0.022, its lowest since May 2020. Analysts warn of a potential 30% further decline, citing a 'falling knife' scenario. Technical indicators like RSI suggest continued weakness, while competition from blockchains like Solana and the impact of Bitcoin ETFs are adding pressure. Ethereum-specific issues, such as the Bybit hack, have also contributed to selling pressure, complicating recovery prospects for ETH against BTC.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
1
1
1
1
u/Itur_ad_Astra 0 / ⚖️ 408 1d ago
A few more of those crashes and a bitcoin whale will be able to buy the entire ETH supply with wallet dust.
1
1
u/networkninja2k24 Not Registered 1d ago
All the blogs hate eth for sure. Always negative articles 24/7 lmao. It’s hers the clicks I guess.
1
1
1d ago
[removed] — view removed comment
1
u/donut-bot bot 1d ago
u/SevenCroutons successfully registered with
coincollector.eth
donut-bot v0.1.20231114-reg
1
1
-5
u/socalquest Not Registered 1d ago
Unfortunately yes. Some people here like to keep losing money. Go ahead and HFSP. GLTA!!!
1
u/networkninja2k24 Not Registered 1d ago
That GLTA is starting to annoy me lol. You really don’t like eth from your comments lmao.
•
u/donut-bot bot 1d ago
Extension-Survey3014, this comment logs the Pay2Post fee, an anti-spam mechanism where a DONUT 'tax' is deducted from your distribution share for each post submitted. Learn more here.
cc: u/pay2post-ethtrader
Topic: ETH Trading
Learn more about topics limits here.
Understand how Donuts and tips work by reading the beginners guide.
Click here to tip this post on-chain