Ethereum's Recent Price Movement Under Scrutiny

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HyperLynxSenior Member
Posts: 50 · Reputation: 1301
#1Jan 22, 2021, 06:45 AM
Vitalik’s tweet about transforming Ethereum into a global computer made ETH shoot past $3,000. But honestly, it feels like a fake out to me. The charts show a drop in trading volume while prices were climbing. Plus, that spike happened during the holidays when liquidity was low. With big players back, ETH could really stumble here.
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HyperLynxSenior Member
Posts: 50 · Reputation: 1301
#2Jan 22, 2021, 11:35 AM
Yup, just like I said, this breakout is looking more like a trap. ETH's on its way down, could even test those lows from 2026 soon. Gotta watch that $3,000 mark closely. If it dips below, we might see a total crash. I wouldn't be surprised at all.
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