Member-only story
Is ETH Due For A Massive Pump?
Sometimes, the most unpopular investments are the best. Let’s examine why it makes sense to accumulate ETH at these levels.
Calling the bottom on ETH feels like predicting the next natural disaster. We know that California will have more wildfires, Florida will have more floods, and the Midwest will have more tornadoes, but we don’t know exactly when or where they will arrive.
Sometimes, we have indicators forewarning us of these natural disasters. For example, in California, when the hills are dry and covered in overgrown brush, and the winds pick up, there are greater odds of a wildfire. Similar to predicting these extreme weather phenomena, certain indicators can help us prepare for when Ethereum will get off the couch and get in gear.
Let’s look at some of the reasons why Ethereum hasn’t been performing and some of the more fundamental reasons why a change in direction is overdue.
ETH Price Performance Has Been Dismal
Remember when Chipotle food was killing people? 2015-2018 were difficult years for Chipotle. The stock was severely underperforming due to multiple food-borne illnesses tracked to their restaurants. Over those three years, the former stock market darling had returns…