Ethereum's Price Milestone Predictably Comes After Crowd Melts Down
📈 Ethereum has provided a textbook example on how it pays to be a contrarian against the retail crowd. Following disappointing price performances following the Pectra upgrade yesterday, many traders sold off their ETH bags and instructed others to do the same in favor of various meme coins. However, the #2 market cap asset had other plans today following the crowd FUD.
The asset has cruised above $2,075 for the first time in over 6 weeks, leading top cap assets and rewarding those who have been patient with the notoriously under-performing asset.
Prices almost always move the opposite direction of retail's expectations. to see when price extremes are being called below or above the current market level for $ETH.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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