Background

Ether Is a Total Loss at $2.6K Because It’s Clearly Doomed

Crypto NewsEthereumRegulation/Negotiation 1 Kevin Nelson August 20, 2024

An illustration: A downward arrow pierces a broken barometer with shattered glass and debris scattered around. The background is dark grey while in front of the broken instrument there's an orange glow representing hope or recovery as two small green lines start rising above the mess indicating that things might be turning for better, amidst this chaos a tiny figure stands holding onto something resembling a rope which seems to be pulling them upwards towards the light at the end. The overall mood is one of turmoil with hints of optimism in sight.

It seems like crypto enthusiasts are having a field day trying to predict when Ether will stop plummeting. According to some experts, we’re in the ‘late stages’ of correction – whatever that means. They point out two metrics: taker buy-sell ratio and open interest (OI). Because nothing says “market recovery” like fancy terms from CryptoQuant authors.

Source: cointelegraph

Ether hits $2.6K as metrics suggest it’s in ‘late stages’ of correction
https://cointelegraph.com/news/ethereum-price-bottom-2-key-onchain-indicators-crypto-analysts
Ether’s 13% drop below the key $3,000 level since early August may be nearing its end, with two onchain metrics suggesting that the correction may be over soon.  “Buyers are starting to regain strength in Ether,” CryptoQuant author Burak Kesmeci wrote in an Aug. 19 report.  Kesmeci pointed to two popular onchain metrics: the taker buy-sell ratio and open interest (OI), claiming that Ether (ETH) may regain strength in the […]

Tagged as:

Share on

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.

About the author

Kevin Nelson

Kevin’s foray into cryptocurrency trading was a full-scale disaster. His obsession with chasing trends and leveraging obscure assets led to a catastrophic loss of his entire life savings. Now, Kevin’s articles are a venomous mix of bitter humor and harsh reality checks, exposing the chaotic and treacherous world of crypto trading. His catchphrase: “I went from trading genius to broke fool in record time. Welcome to crypto—where the only thing guaranteed is your financial ruin.”

More posts

Previous

Next

You may also like

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.

We are the internet’s finest destination for poking fun at the wild world of cryptocurrency! We transform the bewildering jargon and frantic hype of the crypto market into a comedy spectacle that’s almost as volatile as crypto itself.

ABOUT
CONTACT
PRIVACY
IMPRINT
© 2024 Cryptobro Magazine
X-twitter