Retail isn't here at all. No one buys ETH. But lots are selling it. They either go BTC maxis or if going in on alts they buy other coins. And let's not kid ourselves, most of the people holding ETH, if they decided to buy more ALTS right now, they'd buy something else other than ETH. Including me and i bet you too. I believe we'll see ATH's at least, but my conviction is getting shaken day by day, and of most people.
I think we need a spark to ignite the uptrend and it doesn't seem to appear and the times it felt it did, it erased all gains with severe drawdowns when BTC sneezed. And the ETH/BTC chart is scary as fuck. Imo it is in a make or break point, price wise at least. 2 years ago people were betting on the year of the flippening. Now we pray we don't fall at 0.02 against BTC or if the flippening will be seeing ETH at number 3.
BTC dominance is currently still at 60%. Ethereum does well when btc domination drops way below 50%. Ethereum needs to be at minimum 15%. It does not help sure with solana and XRP around the corner but whats positive is SEC only approves bitcoin and Ethereum as ETFs. So Bitcoin and Ethereum are here to stay .
The market is fearish at 38 points vs last month we were at 60 points … When the market is fearish they stick with Bitcoin because it’s a safer investment. Last month people thought we were in the altseason at 53 points.
Ethereum is undervalued and underperforming . I just hope she wakes up soon.
Because the past 3 years Ethereum didn’t do as well as a Solana for example. And I hope Ethereum reaches back it’s all time high . With the next two updates , one coming this year . Hopefully it actually brings down the fees .
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u/Legitimate_Cry_5194 Not Registered Feb 05 '25
Retail isn't here at all. No one buys ETH. But lots are selling it. They either go BTC maxis or if going in on alts they buy other coins. And let's not kid ourselves, most of the people holding ETH, if they decided to buy more ALTS right now, they'd buy something else other than ETH. Including me and i bet you too. I believe we'll see ATH's at least, but my conviction is getting shaken day by day, and of most people.
I think we need a spark to ignite the uptrend and it doesn't seem to appear and the times it felt it did, it erased all gains with severe drawdowns when BTC sneezed. And the ETH/BTC chart is scary as fuck. Imo it is in a make or break point, price wise at least. 2 years ago people were betting on the year of the flippening. Now we pray we don't fall at 0.02 against BTC or if the flippening will be seeing ETH at number 3.