Bears Failed... Again

You notice how crypto whipsaws all the time?

Crypto traders live at the extremes of emotion; euphoria when the market’s pumping, fear when it isn’t.

This recent action in Ethereum is a perfect example.

When price dipped to levels not seen in just six weeks, my algorithm was feeding me content getting tons of engagement, all calling for the end of the cycle.

Funding rates flipped negative, meaning longs got flushed out of their positions.

But today, Ethereum climbed back above a key support level it had broken.

This has happened again and again throughout Ethereum’s entire run-up.

Bears get their chance.

They fail miserably.

And the bull market continues.

Just take a look.

I’m betting this time is no different from the other three this year.

I think Ethereum will breakout to all-time highs before year-end, making this one of the more attractive entries we’ve seen this year.