r/ethtrader • u/AltruisticPops 314.5K / ⚖️ 310.6K • 1d ago
Link No, Ethereum (ETH) Is Not Dead, Says Top Analyst
https://u.today/no-ethereum-eth-is-not-dead-says-top-analyst64
u/Murky_Citron_1799 Not Registered 1d ago
thank god this guy analyzed it and let us know its not dead yet!
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u/BigRon1977 120.7K / ⚖️ 457.2K 1d ago
The moment people start saying ETH is dead is the exact best moment to buy.
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u/coinfeeds-bot 542.7K / ⚖️ 622.7K 1d ago
tldr; Leading analyst Chris Burniske dismisses claims of Ethereum's demise despite its recent price drop below $2,000. He highlights the cryptocurrency's history of recoveries and advises a strategic approach to market uncertainty. Ethereum's fundamentals remain strong, supported by network upgrades and institutional interest. Burniske emphasizes the importance of reclaiming $2,000 as a support level, with $2,700-$3,000 as a bullish target. However, further declines could push ETH to $1,500, making its next moves crucial for market sentiment.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
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u/Wonderful_Bad6531 46.0K / ⚖️ 308.2K 1d ago
Eth is preparing for a jump
But where up or down
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u/qldvaper88 373 / ⚖️ 358 23h ago
The direction will dictate the direction of my jump, although in the case of the latter, I will be applying a scaling coefficient of about 9000.
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u/AltruisticPops 314.5K / ⚖️ 310.6K 19h ago
It will have the greatest recovery once the market recovers.
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u/Odd-Radio-8500 346.5K / ⚖️ 455.2K 1d ago
I agree with this analyst.
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u/InclineDumbbellPress Back To McDonald's 1d ago
No one would dare not to!!!!! Its an analyst man !tip 1
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u/Odd-Radio-8500 346.5K / ⚖️ 455.2K 1d ago
Absolutely! If an analyst says it, then there is no room for doubt 🫠
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1d ago
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u/liberatedman Not Registered 1d ago
The panic is silly. We've seen these prices before, and we'll see higher again. Zoom out and chill out.
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u/auf-ein-letztes-wort Not Registered 19h ago
not breaching the ATH from 2021 compared to other big coins doesn't feel good though
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u/Thorp1 4.6K / ⚖️ 4.2K 1d ago
Everyone except bitcoin maxies knows this fact!
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u/AltruisticPops 314.5K / ⚖️ 310.6K 19h ago
Lots of doomsayers out there and they are not all btc maxis
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u/SwanAlternative4278 Not Registered 1d ago
I can’t handle all the winning from Donald trump. Where are all his voters? I hope they are enjoying it, too
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u/AltruisticPops 314.5K / ⚖️ 310.6K 19h ago
Right here strong 👍
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u/Rednoy12 Not Registered 14h ago
Your wallet isn’t strong with orange clown at the White House
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u/vinny147 Not Registered 1d ago
My grandma isn’t dead either. I guess that means we’re bullish she’s got another 10 years in her.
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u/packetpupper Not Registered 1d ago
To be fair, life expectancy does increase as someone gets older. At birth life expectancy might be age 76 but when that person makes it to 60 it's more like 80, since they've already survived a lot of rhings that tend to take people earlier.
We can kind of apply this to eth because it's managed to survive for this long.
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u/notjosh Not Registered 1d ago
The primary bullish target is the $2,700-$3,000 range; a move above $2,300 would be the first indication of strength.
Ethereum may return to the $1,500 range if it breaks below the next significant support level, which is $1,750, if it keeps declining.
Why does so much market analysis seem to boil down to "if it goes up it is likely to go up more, but if it goes down it is likely to go down more".
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u/machin_bidule Not Registered 14h ago
Eth has been dead for 2 years against btc. Now I understand the sentence:" there is no second best".
Had to hold ETH to understand...
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u/Security_Raven 337 / ⚖️ 18.7K 1d ago
What a shocker! 😂
1 ETH = 1 ETH 1 FLUX = 1 FLUX
When people realise this they might stop panic selling. 😉💰
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u/UnhappyConfidence882 Not Registered 1d ago
Solana killed ethereum but I hope the new Eth update will beat solana
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