Ethereum re-entered the exponential growth channel recently.
White line represents ETH mean.
If price breaks below channel, then it signals that the tech has fallen into the chasm and unlikely to progress towards adoption. The rate of adoption is too low to consider
a move away from long-term exponential trend to logarithmic growth yet. This occurs at peak adoption. Currently adoption appears to be decreasing, not increasing!
However trend is still exponential in my opinion.
Here a schematic of tech adoption life cycle featuring The Chasm muhahaha: cdn-images-1.medium....aK92q5KTyJGYDn_g.png
White line represents ETH mean.
If price breaks below channel, then it signals that the tech has fallen into the chasm and unlikely to progress towards adoption. The rate of adoption is too low to consider
a move away from long-term exponential trend to logarithmic growth yet. This occurs at peak adoption. Currently adoption appears to be decreasing, not increasing!
However trend is still exponential in my opinion.
Here a schematic of tech adoption life cycle featuring The Chasm muhahaha: cdn-images-1.medium....aK92q5KTyJGYDn_g.png
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comparing all of ETH with the first few years of BTC
scale is one for one
Comment:
Long-term rend was broken. I see possibility of heavy correction, >90% over time
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