Ethereum (ETHUSD)

[Porterhouse10]

Look at the Free hand out Bubble, on any Chart, the Pain COMETH!

[MasterBlastr]

Keep looking . . .

[MoneyMaker111]

ETHUSD: Evidence is now in that shorts failed

Ethereum $1,000.00 did hold up very nicely. The shorts have failed to break it, and now there will probably be a sharp short squeeze. Shorts also failed to break tether. I see Ethereum $2,500.00 by end of July.

$ETHUSD (long)
#ETHUSD (long)

[skidoo31]

Official statement with NO LINK? Is this considered an amateur post to dupe average folks with misleading info? Doesn’t matter, link or not… when shorty is done playing games we all know this will bounce back with a vengeance :)

[MoneyMaker111]

Official Statement on Ethereum and Crypto's coming Collapse:

Banks and hedge funds want in, and they know that Tether's fake $67 Billion market cap, backed by worthless Chinese Commercial Paper, can come to light very easily, which is why Goldman Sachs and the prime brokers are shorting it with Billions and Billions. They want to own the whole crypto field. This is their shot, but first they have to crash it all down. Like UST fell to $0, and Luna $0. Now, Tether's lack of transparency will come to light, unfortunately. Without Tether having transactable value, Bitcoin and Ethereum are worthless.

Same story as the UST collapse to $0, but now USDT and therefore the whole crypto market. The only problem is that exchanges are not banks. They don't have to give anyone any of their money. There is no FDIC insurance.
Most of everyone won't be able to withdraw what's left. Exchanges could become insolvent... with no requirement to pay any of us.

The only thing to do is to transfer your crypto into your own wallet (if you believe in the long term case) or exit the doors with USD today (get out of exchanges) before they become insolvent.

$ETHUSD (recommended head for the emergency exits. get your dollars out of exchanges now)
#ETHUSD (recommended head for the emergency exits. get your dollars out of exchanges now)

[skidoo31]

Lmao, sure looks like a lot of shorting going on hahaha

[MoneyMaker111]

Ethereum will fall to $0 like house of cards

[MoneyMaker111]

Breaking: Hedge Funds Shorting Tether to $0

Just like UST/Luna went to Zero. This house of cards built on fake money is ending.

Sell everything in crypto before you lose everything.

[Turbomunkey]

I hope your life changes dude. I nibbled a bit, ive been nibbling on the way down for a while. Good luck.

[pokerpunk]

Really wishing I used my casino money for ETH instead. Stupid pocket Kings getting cracked by dueces

[KICK1]

$ETHE RSI 16 Big Volume Spikes Didn’t Rip The 70 Yet but Added Another +1K Filled Go Flippers! Add More $ETH Premium WorldComputer / 2.0 @SaturnProtocol CHAiNLiNK’d

[WolfOfGrnStreet]

Doubtful but gambling is exactly that

[MasterBlastr]

LOL headfake . . . this is headed right back down the stool.

[Eskeezy]

Life changing opportunity to get in. I bought 4 today

[Brokemillwright]

I wish I could take credit, I just watch someone on YouTube. They off fibs they showed 1200 200 week ma, and it it breaks that 600 is possible. I didn't have a buy order in so shame one me

[KICK1]

Very nice lately & congrats! Great to be in $ETH $ETHE

[IOUBLOKE1]

Eth before and Fter the harvest moon. If the coins go down the fiat will look pretty so have to see into the fiat holders
1450 10 days

[Turbomunkey]

I am an ethereum holder, don’t own Bitcoin. Yes I would like that very much.

[KICK1]

The Flippening Would Be Sweet!

[KICK1]

That’s why I said I’ll Kiss You!

[timwin]

Great call. ETH hit $880.00 today and bounced hard to just over $1000.

[waldo77]

Cross-chain USDT/USDC swaps between Ethereum & Algorand are now live
https://medium.com/pnetwork/cross-chain-usdt-usdc-swaps-between-ethereum-algorand-are-now-live-d20ad3601f08

ICYMI: @pNetworkDeFi’s cross-chain bridge connecting the #Algorand and Ethereum ecosystems is LIVE! Users can now transfer native USDT/USDC from Ethereum to Algorand

ICYMI: @pNetworkDeFi’s cross-chain bridge connecting the #Algorand and Ethereum ecosystems is LIVE! Users can now transfer native USDT/USDC from Ethereum to Algorand 👇 https://t.co/JE6bapC47j

— Algorand Technologies (@Algorand) June 18, 2022

https://twitter.com/pNetworkDeFi

[waldo77]

Crypto Traders Turn Against Each Other in a Collapsing Market
https://finance.yahoo.com/news/crypto-traders-turn-against-other-110000697.html

leveraged crypto traders being hunted like prey...? very sad...who would do such a thing to another...in good conscience...c'est la vie...

"...Many shark traders scour blockchains -- digital ledgers for recording transactions -- seeking information on other traders, particularly those with highly leveraged positions, an anonymous user known as Omakase, a contributor to the Sushi decentralized exchange, said in an interview.

The sharks then attack the positions by trying to push them into liquidation, and earning liquidation bonuses that are common in decentralized finance (DeFi), where people trade, lend and borrow from each other without intermediaries like banks.

Related strategies may have contributed to the collapse of the TerraUSD stablecoin, with shark traders making money off price arbitrage between the Curve decentralized exchange and centralized exchanges, according to Nansen, a blockchain analytics firm.

Recent troubles at crypto lender Celsius Network were exacerbated by arbitragers as well. The price of stETh token that Celsius has a large position in started trading at a large discount from Ether, to which it’s tied.

“As stETH goes down, arbitragers buy stETH and short ETH against it, sending ETH lower, which again lowers collateral values across DeFi,” effectively worsening Celsius’s position, according to a recent Arca note.

As Omakase put it, “In a downtrend environment, where yields are harder to access, what we are going to see is some actors utilize some more aggressive strategies, and that may not be necessarily good for the community.”

“The environment has become more player vs player,” Omakase added.

With crypto prices under pressure, taking on leverage has presented an even greater peril..."

[KICK1]

More! @99 and I’ll Kiss You $$ETH $ETHE Premium World Computer

[Turbomunkey]

Man that is quite a speculation. What makes you say that?

[KICK1]

Yes! Much Appreciated

[sweetboodabud]

ETH will emerge from the crypto ruins as Numero uno and BTC in 2nd place.

[KICK1]

Great move and good point! I need to stay on that trade too…

[sweetboodabud]

Picked up 5 at 11 and added more Etc being it will be the big winner when the merge is complete in August and it will be.If it goes lower so will i

[Justin]

Watch "Fort Worth becomes first US city to mine Bitcoin" on YouTube

[KICK1]

@7.10 RSI 10 20 There’s the Volume! Congratulations Flippers & 70 Rippers! MoMo NiTE 1K @7.70 GTSM @7.69 with a few under low volume bid Level 2 $ETHE Add More $ETH Premium WorldComputer / Proof Of Stake @SaturnProtocol CHAiNLiNK’d Bulls

[Brokemillwright]

Nailed it, still headed lower tho. Maybe 800

[Investors3]

Ethereum difficulty bomb delayed but network adoption still growing
BRIAN NEWAR
14 HOURS AGO

The difficulty bomb is designed to make mining profitability plummet in order to disincentivize miners ahead of the long-awaited Merge.

https://cointelegraph.com/news/ethereum-difficulty-bomb-delayed-but-network-adoption-still-growing

[alchemytrader]

No idea what that means....

[TheFinalCD]

Ethereum Collapses 24% in Weekend Rout as Staked Assets Drop Pegs
https://finance.yahoo.com/news/ethereum-collapses-24-weekend-rout-031024609.html

[MasterBlastr]

LOL WOW this is really headed down the stool!! Good Night, Irene!

[Porterhouse10]

Wasn't this "SUPPOSE " to go to $10 Grand? Mwah ahh ahh

[alchemytrader]

1,666.00

lets go to 1500.00

[timwin]

ETH is at 52 week lows today. Support at $1700 did not hold. I'm surprised it didn't cliff dive when support fell. Expect more slowly sliding down the slippery slope this weekend due to low volume since US institutional traders are gone until Monday. The CCI is giving another sell signal on the daily chart by moving below -100 with plenty of room to move to -250 where it usually finds the bottom. The weekly chart on the right shows it's been red the past ten weeks in a row.

[Clean]

Only time will tell.. In my limited knowledge I think it could go either way. The massive wealth accumulation on the ethereum network and the continued wealth accumulation resembles our current fractional reserve banking system... So it could be the institutions wont let it fail because of how much they have invested...

Conversely, they could just be pushing it toward huge changes resulting in a buggy mess to degrade users trust and make it less secure. Don't forget that our world banking players already have in place massive data centers which have the computational power and the ability to overload this "new" merged network with brute force.

As the NatWest CEO stated on Bloomberg, "Banks have no reason to exist, unless customers want them to exist." (Quote at 21:30 on link below)
https://www.bloomberg.com/news/videos/2022-05-12/leaders-with-lacqua-natwest-ceo-alison-rose-video

It is naive to think that banks will not go down without a fight, as crypto is the single biggest threat to the banking industry. If we get our loans from a crytpo network, what do we need banks for?

ETH could be the chosen "battleground" where banks will try and degrade crypto "trust" and kill the network, or, ETH could be the vector where banks begin to evolve their social enslavement, forcing debt on everyone and everything in the crypto world to keep them bending the knee...

There is absolutely nothing decentralized about proof of stake. Its the exact opposite of what has made crytpo so successful. To change what has worked for so long and been perfected for so long, and then to throw that in the garbage bin, makes no real sense.

It only makes sense if your the Bank...

[Clean]

Good Video! Thanks for that.

I wish he would have gone more into the reality of how "non-decentralized" ETH has become. Many of these "large" holders are institutional, and stand to benefit greatly from this upcoming merge as they will find themselves at the top of the pyramid scheme that is currently being developed.

[timwin]

I'm watching. When support at 1700 fails, the next big level of support on the weekly chart is 1500 and then 1300

[alchemytrader]

1700 about to break. 1200-1300 next leg down.

[timwin]

Interview with Ethereum core developer Lane Rettig, who discusses the Ethereum foundation, why he quit, ethics, hypocrisy, decentralisation vs scalability, and building better institutions. https://www.whatbitcoindid.com/podcast/the-failure-of-ethereum-governance

[Turbomunkey]

Thank you for clearing this up.

[Brokemillwright]

Kid must be in the red and only reads headlines. He posted the same thing almost 2 weeks ago and I pointed out it was only a test merge, only for the same misinformation to be spewed again

[timwin]

Is this how Ethereum dies?

https://youtu.be/vyd63iG-l68

[Turbomunkey]

I thought it was in August?

[Investors3]

Vitalik shows support for Optimism’s governance structure and OP gas proposal
BRIAN QUARMBY
9 HOURS AGO

The Ethereum co-founder has often advocated for projects to move away from coin voting in DeFi and DeGov, as it will enable smaller holders to participate in governance.

https://ih.advfn.com/stock-market/COIN/ETHUSD/crypto-news/88279850/vitalik-shows-support-for-optimism-s-governance-s

https://cointelegraph.com/news/vitalik-shows-support-for-optimism-s-governance-structure-and-op-gas-proposal

[Investors3]

Head of George Soros’ Family Office Predicts Ethereum (ETH) Will Gain Traction Over Bitcoin (BTC):Report
Daily Hodl Staff June 2, 2022 BITCOIN, ETHEREUM

The CEO of an investment management firm founded by George Soros says cryptos have passed the test when it comes to appealing to traditional investors.

In an interview with Bloomberg Wealth, Dawn Fitzpatrick of Soros Fund Management (SFM) tells host David Rubenstein that among the top two crypto assets, she believes Ethereum (ETH) will grab more market share from Bitcoin (BTC) due to environmental concerns.

“It’s here to stay and it’s gone mainstream with Fidelity just announcing you can put it in your 401(k).

The one caveat I would say is, first of all, climate impact is going to become increasingly in focus, and in that context, Ethereum is likely to gain some more traction over Bitcoin.”

Fitzpatrick, who also serves as the firm’s chief investment officer, goes on to say many crypto projects with trillions or even quadrillions of tokens might lead to instability, but overall the blockchain concept seems destined for use-case success.

“When we look at companies in the blockchain and crypto space, they all have massive treasury accounts with a lot of coins in them. And to me, that creates a little bit of near-term vulnerability.

But that said, I think blockchain technology is going to have some great applications.”

Soros Fund Management opened as a hedge fund back in 1970. It currently operates as a family office and as of the first quarter of 2022 held over $6.5 billion in assets.

Back in March of 2021, Fitzpatrick revealed that SFM has invested in cryptocurrencies, also noting that Bitcoin is now seen as an asset to hedge against inflation.

“When it comes to crypto, generally, I think we’re at a really important moment in time in that something like Bitcoin might have stayed a fringe asset but for the fact that over the last 12 months we’ve increased the money supply in the US by 25%, so there’s a real fear of debasing of fiat currencies.”

https://dailyhodl.com/2022/06/02/head-of-george-soros-family-office-predicts-ethereum-eth-will-gain-traction-over-bitcoin-btc-report/