The unexpected approval of multiple Ethereum ETFs by the SEC has certainly shaken the BTC market this week. This move, seemingly influenced by upcoming political strategies rather than fundamental valuations, highlights the growing importance and influence of crypto in the current economic landscape.
yeah this cycle does remind 16-17 bull run across a variety of metrics, albeit perhaps due to ETFs current one is a bit more "uppy".
As for ETH Im quite glad it gets its ETF and attention tbh. Thats well deserved, many nice stuff and innovation has been born out of Ethereum ecosys since genesis. But I hope spot ETFs will only be limited to BTCÐ really, please no more:)
Indeed, it is slightly higher due to excessive ETF demand. Keep in mind, though, that we have a less intense halving effect and a higher market cap to push through.
What did ETH really solve or add besides token creation (and what do these tokens solve or add)? If ETH is well deserved, why Solana or Cardano not? Where do we draw the line? I truly appreciate the scientific exploration of altcoins but not much has come out of it (so far).
«If ETH is well deserved, why Solana or Cardano not?» - the same logic can be applied to BTC copycats (LTC, BCH etc).
What I meant is that so many things and ideas came out of ETH and thanks to its ecosystem starting from the largest CEX Binance to basically the whole DeFi thing, DEXs, smart contracts and tokenization (which I hope will be given more green light from regultors in future) . Guess some 90-95% of all reserach and idea generation is happening there, sometimes successfull and other times total crap but still.
From my experience I would say some 2/3 or 3/4 of all newcomers to the space in last years got to know about “crypto” and eventually BTC due to Eth itself or its “products”, it drew much attention to BTC and the whole thing.
My only wish is that there were less of all that “eth killers”, VC backed coins and other scam cuz it dillutes intellectual capital and attention that could otherwise be directed to something more viable and promising
Hi Root - previously you discussed levels where most coins changed hands. These levels were 17k, 27k, 37k, 48k & 57k where we bounced in May. Do we now any new levels above 57k?
Currently, there's a strong area from current prices down to 66k. Below 66k, momentarily, there isn't any significant area until 43k. Unfortunately, I could not post the chart here, but I will send it to you by email. ✌️
Indeed very useful indicator, thank you!
@root - any thoughts on doing a pi cycle indicator within the dashboard?
The unexpected approval of multiple Ethereum ETFs by the SEC has certainly shaken the BTC market this week. This move, seemingly influenced by upcoming political strategies rather than fundamental valuations, highlights the growing importance and influence of crypto in the current economic landscape.
Hi Root, I can't login any longer on the website, is there something wrong with the site?
fixed now.
yeah this cycle does remind 16-17 bull run across a variety of metrics, albeit perhaps due to ETFs current one is a bit more "uppy".
As for ETH Im quite glad it gets its ETF and attention tbh. Thats well deserved, many nice stuff and innovation has been born out of Ethereum ecosys since genesis. But I hope spot ETFs will only be limited to BTCÐ really, please no more:)
Indeed, it is slightly higher due to excessive ETF demand. Keep in mind, though, that we have a less intense halving effect and a higher market cap to push through.
What did ETH really solve or add besides token creation (and what do these tokens solve or add)? If ETH is well deserved, why Solana or Cardano not? Where do we draw the line? I truly appreciate the scientific exploration of altcoins but not much has come out of it (so far).
«If ETH is well deserved, why Solana or Cardano not?» - the same logic can be applied to BTC copycats (LTC, BCH etc).
What I meant is that so many things and ideas came out of ETH and thanks to its ecosystem starting from the largest CEX Binance to basically the whole DeFi thing, DEXs, smart contracts and tokenization (which I hope will be given more green light from regultors in future) . Guess some 90-95% of all reserach and idea generation is happening there, sometimes successfull and other times total crap but still.
From my experience I would say some 2/3 or 3/4 of all newcomers to the space in last years got to know about “crypto” and eventually BTC due to Eth itself or its “products”, it drew much attention to BTC and the whole thing.
My only wish is that there were less of all that “eth killers”, VC backed coins and other scam cuz it dillutes intellectual capital and attention that could otherwise be directed to something more viable and promising
Hi Root - previously you discussed levels where most coins changed hands. These levels were 17k, 27k, 37k, 48k & 57k where we bounced in May. Do we now any new levels above 57k?
Currently, there's a strong area from current prices down to 66k. Below 66k, momentarily, there isn't any significant area until 43k. Unfortunately, I could not post the chart here, but I will send it to you by email. ✌️