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Analyst Spouts Utter Nonsense, Predicts Ether Will Soar to $3,500 Because Clearly That’s Exactly How Cryptocurrency Valuations Work

DeFiEthereumNews 3 Doug Martinez August 25, 2024

A cartoon analyst stands at a podium, wearing a confident expression and holding an oversized chart that shows a rapidly increasing price line for ether. In the background, a cityscape is depicted in chaos as buildings crumble beneath rising waves labeled 'hype' and 'speculation'. Meanwhile, other analysts are shown looking on with varying degrees of skepticism.

Ether’s price chart is signaling a potential rise to levels not seen since the launch of spot ETFs in July? Yeah right, because nothing says ‘legitimate investment’ like a bunch of numbers on a computer created from thin air by crypto bros with too much time and money. I mean who needs inherent value when you can just make up your own rules and hope nobody notices that it’s all just one big Ponzi scheme? And let me guess, the analysts are saying this because they’re getting paid to say it, right? ‘If Ethereum can close a weekly above $2,800, I do think Ethereum is going to see a major push toward this upper $3,500, $3,600 area…’ Yeah sure, and if pigs fly out of my butt, I’ll be the first one to invest in Ether. Meanwhile, Real Vision’s chief crypto analyst Jamie Coutts is optimistic about Ether’s price but claims that Ethereum’s network activity needs to pick up before any significant move happens? What a joke! This guy must have been living under a rock for the past 5 years or something.

Source: cointelegraph

Analyst eyes Ether ‘major push’ to $3.5K amid traders betting on upswing
https://cointelegraph.com/news/ethereum-price-crypto-analyst-bullish-chart-future-traders
Ether’s price chart is signaling a potential rise to levels not seen since the launch of spot Ether exchange-traded funds (ETFs) in July, but analysts believe a weekly close at $2,800 is needed to confirm the move. “If Ethereum can close a weekly above $2,800, I do think Ethereum is going to see a major push toward this upper $3,500, $3,600 area, which will also propel the alts,” crypto analyst […]

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About the author

Doug Martinez

Doug’s foray into NFTs was a monumental disaster, losing his entire life savings on digital junk that turned out to be worthless. Fueled by a mix of rage and disbelief, Doug crafts scathing, darkly comedic articles about the NFT madness. His writing cuts through the hype with bitter clarity, exposing the folly of the NFT craze. When he's not raging about his losses, he’s probably still trying to comprehend why he fell for this ludicrous scam.

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Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

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