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ETH on Brink of Historic Collapse: Trader Sentiment at All-Time Low as Bro Market Continues to Hold Breath

Crypto NewsDeFiEthereum Doug Martinez September 16, 2024

A comic illustration showing a bear huddled on the ground with a thermometer reading '0.0056%' next to it, while in the background a bull is visible through a broken fence, hinting at an impending break-out.

It seems like the crypto bros are trying to will Ethereum into a parabolic rise, but let’s be real, it’s just not happening. They’re waiting for some magical funding rate threshold to trigger another bull rally, because that’s exactly what we need – more speculation and hot air in this market. Meanwhile, Ether is stuck at $2,500, unable to close above the crucial level of traders who are probably all secretly betting against it. And let’s not forget about those poor souls holding long positions on perpetual contracts, just waiting for someone (anyone?) to take them off their hands.

Source: cointelegraph

Ethereum trader sentiment needs small bump for ETH to see ‘parabolic rise’
https://cointelegraph.com/news/ethereum-funding-rate-rise-could-see-parabolic-eth-price
Ether trader sentiment needs a slight uptick to confirm an indicator signaling a possible significant price spike and a trajectory for the token that could put it on a bull rally. “We will wait for Ether’s funding rate to rise above 0.015 to see if the calm before the storm breaks,” CryptoQuant contributor Burak Kesmeci wrote in a Sept. 12 note.  Ether’s (ETH) funding rate acts like a small market […]

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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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