@sixpenrose, he has 90 notated on the chart so I don't think he made a typo
benbllngr
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Hi Peter, why "permanent" top?
mithril_web3
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Peter, how the heck do you come up with $90?
fomo_god
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@whalehunter0x, wall street cheat sheet, despair phase goes lower than the base accumulation zone which is around $200 for eth.
ignys5
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@whalehunter0x, pretty easy, just look at the chart when did the rally happen and what was the main cause? The main cause was money printing because of Covid and the rally started right after ETH tested $90 for the second time. $90 is the ultimate support level. I would be happy with $200 but hey, $90 isn't out of the cards.
benbllngr
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if it goes below 460 that would be very surprising
ofcoursebutmaybe
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90? It will drop further, but that far? Normal would be a 95% drop or so from the top. So 230$. But since we are accelerating and the internet is sort of already here (distribution) I think 85-90% would be sufficient like btc's waves down on the way up have softened. So then we are talking 345-460?
benbllngr
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@ofcoursebutmaybe if it goes below 460 that would be very surprising