Ethereum looks ready to move, will Grayscale move as well?
So everyone is scared, just like the last time this big buyer came in.
Some one sees a low RSI and dramatic drop and they buy and then sell at 90% profit.
Now that SQQQ has had its run up (finally) some tech can bubble back up in small select areas. If an announcement about the progress of Ethereum 2.0 comes out then this thing will move. People are saying Eth 2.0 will never be released but usually that is a week or a month before a big announcement is comes out. They say trade what you know and i have been trading ETHE for 2 years and I have noticed that it marches to the beat of its own drummer, sure real Ethereum has its influence on the price of Grayscale ETHE but it more wild than ETH.
Yes, technology stocks will continue to fall as people see the companies have no earnings, but Ethereum does have earnings! I mean have you paid those gas fees? That is money in the bank for Ethereum, if you had a constant stream of income and you put that into research and development... like the development of Ethereum 2.0 ... you might upgrade the network.
People think Ethereum is too energy intensive but Ethereum 2.0 promises to fix that which might draw market share from Bitcoin. (see Eth dominance chart link below). I think people will sell BTC for ETH when ETH 2.0 comes out.
Some one sees a low RSI and dramatic drop and they buy and then sell at 90% profit.
Now that SQQQ has had its run up (finally) some tech can bubble back up in small select areas. If an announcement about the progress of Ethereum 2.0 comes out then this thing will move. People are saying Eth 2.0 will never be released but usually that is a week or a month before a big announcement is comes out. They say trade what you know and i have been trading ETHE for 2 years and I have noticed that it marches to the beat of its own drummer, sure real Ethereum has its influence on the price of Grayscale ETHE but it more wild than ETH.
Yes, technology stocks will continue to fall as people see the companies have no earnings, but Ethereum does have earnings! I mean have you paid those gas fees? That is money in the bank for Ethereum, if you had a constant stream of income and you put that into research and development... like the development of Ethereum 2.0 ... you might upgrade the network.
People think Ethereum is too energy intensive but Ethereum 2.0 promises to fix that which might draw market share from Bitcoin. (see Eth dominance chart link below). I think people will sell BTC for ETH when ETH 2.0 comes out.
