TL;DR
Full Story
“I didn’t hear no bell!”
— Rocky, Rocky V, 1990 Ethereum, market crash, 2024.
The ETH ETFs are coming in hotter than the milk we’re just now remembering we left in the car (ooops).
They took in more investor dollars yesterday than on their debut (with investors buying up 40,700 ETH) — totally ignoring the market implosion in the process!
Which continues to back up the theory we floated yesterday:
If the big-dogs of the traditional financial world are buying the dip, the bull run is still on.
So if all goes to plan — where to from here?
Simple: base → climb → crunch.
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Base = investors continuing to buy at what they see as a bargain, creating a price base that will be hard to break down from.
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Climb = as more investors try to get in at these prices, ETH will begin to recover.
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Crunch = supply crunch. At a certain point, ETH’s demand will outweigh its supply, pushing Ether to new all time highs.
Buckle up folks…
