FOMO check: Everyone's saying "whales are buying ETH at the bottom, don't miss it."
→ ETH $1,784, −20% this week; today it hit $1,712, the lowest since early July
→ −36% from the September peak of $2,807, −64% from the $4,954 record; it needs +178% to get back to the record
I think "whales are buying" isn't a bottom signal on its own; those who've been buying since September are underwater too. Worst case: if ETH closes below $1,700, the $1,505 June low comes back into play; it's on my radar.
#Investing #Bitcoin
Watching: $ETH $BTC $SOL
→ ETH $1,784, −20% this week; today it hit $1,712, the lowest since early July
→ −36% from the September peak of $2,807, −64% from the $4,954 record; it needs +178% to get back to the record
I think "whales are buying" isn't a bottom signal on its own; those who've been buying since September are underwater too. Worst case: if ETH closes below $1,700, the $1,505 June low comes back into play; it's on my radar.
#Investing #Bitcoin
Watching: $ETH $BTC $SOL
