Neosify - Buy, Stake & Earn Crypto
Neosify - Buy, Stake & Earn Crypto
Neosify - Buy, Stake & Earn Crypto
ETH needs to pump

Why Doesn't ETH Pump?

By Jimmython | cryptoinvesting | 17 Jan 2021

The stage is set for ether to pump. Why doesn't it pump? BTC had rallies, altcoins had little rallies, but ETH — it is just traveling in a channel between $1100 and $1250.

This happened before a few weeks back, and I wrote an article about it, "The Rally is Skipping Ethereum." Honestly, not even a day after I posted that, ETH rallied from $750 to $1250, to put it in its current channel.

We have news of exchanges running low on ether, more traders wanting it, the Ethereum foundation teasing a deflationary system for it, and predictions from every shill about ETH going to $50,000 in the next 2 seconds. So why doesn't ETH moon even when everything else does?

Well, the fact is that trends are just that — trends. They lead to certain outcomes, but they do not create those outcomes until those outcomes are created. Make sense? 

In order for ETH to moon, the order books have to thin out and people have to stop selling to an extent that buyers find a shortage. That hasn't happened yet. There is a trend towards it, but it hasn't happened.

The reason you see instant moons in alts right after a shill or some news is that the order books are so thin compared to ETH. The new volume overwhelms the flow that is already there and shifts it dramatically. You're talking a few million maybe as opposed to ETH, which does billions in exchanges every 24 hours.

The bottom line is that ETH can absorb much more news than altcoins or even BTC at this point. Institutions are pouring into BTC, so its order books respond more quickly to news than ether, which is only now at the very opening stages of institutional buying. If you want to know how much a bit of news will move a price point, take a look at the asset's ability to absorb news without affecting the order book. You will have a much better idea of whether that asset will pump or dump or not.



Always remember:

Burgerswap Bridge will steal your crypto
Deus.Finance is led by a psychotic wannabe despot
AllianceBlock is a shit project
All algorithmic stablecoins (Basis Cash, Mithril, Empty Set Dollar) are a SCAM

Don’t get your bitcoin from PayPal
Trade on BSC, not Ethereum
Ivan on Tech, Elliotrades and Bitboy are complete liars, and
If you are always losing money trading crypto, read here.

Gems I'm investing in:

NFTs - Doki Doki
Trading - Unimex
Finance - Soar

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I believe the best way to make money in any market is to cut out the scams and invest well with what's left. I traded up from 5 figures to 7 in the 2021 bull market with this strategy, and more importantly, kept that money during the bear.

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