Row 76634

Row ID: 76634 | Dataset Entry | Axioma AXP Content Repository

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This page contains data entry 76634 from the Axioma AXP content repository. The structured data below represents the complete record for this entry.

Some users in the Daily and in other posts seems to be a little confused about what happened yesterday and why the ETH price didn’t go to the Moon immediately after the ETF announcement yesterday. You know the saying “The history doesn't always repeat itself, but it often rhymes”, right? We use it all the time.

I don't know if you remember what happened when BTC ETF was approved, massive euphoria, everyone was super excited, and then? **Nothing**. BTC dropped, and then it crabbed for a few weeks. See the chart below.

Basically, what happened back then was a classic example of "buy the rumours, sell the news" BTC ETF was approved on 10th of May. It then took several weeks before the price went to the Moon and reached its new ATH, and it went up by **54%!**

The blue box represents the time from BTC ETF approval (May 10th) all the way to new ATH (March 13th):

https://preview.redd.it/aua4c4p31c2d1.png?width=1347&format=png&auto=webp&s=0366ae86030f53116d3258db1a8fc37a90119459

It took BTC **63** days to make it happen.

When it comes to ETH, please be prepared for something similar to happen. Please be patient. First, the funds that will offer the ETF need to accumulate Ethereum, **they need to actually start trading it on their platforms, and they need to start offering it to their customers.** This can take days, weeks, or even months.

If ETH repeats similar price action to BTC's and if we see similar price increase of 50% to the upside, ETH could be potentially trading ETH at $5750 just few weeks from now.

Obviously my chart bellow is only a pure speculation so don't sell your family farm just yet to buy more ETH.

https://preview.redd.it/lnrghsn91c2d1.png?width=1348&format=png&auto=webp&s=ee03ddb8987b6eb55b8242d1462e1435bd11b76d

I know it’s a lot of hopium, but once again, please be patient, DCA, HODL, wait, and I will see you on a private island soon enough, where we'll open the finest champagne. 🚀

WAGMI

FieldValue
text Some users in the Daily and in other posts seems to be a little confused about what happened yesterday and why the ETH price didn’t go to the Moon immediately after the ETF announcement yesterday. You know the saying “The history doesn't always repeat itself, but it often rhymes”, right? We use it all the time. I don't know if you remember what happened when BTC ETF was approved, massive euphoria, everyone was super excited, and then? **Nothing**. BTC dropped, and then it crabbed for a few week…
label r/ethtrader
dataType post
communityName r/ethtrader
datetime 2024-05-24
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url_encoded Z0FBQUFBQm5Lak96VFZqS2lsdFE1a0hsWllQSmxpMHNFaVUwWUk5bDB2dlJ3VVh4eHJyQkM1WFlhdG9CVzRZNWtEV2lHVl9wOXZSbjhobjVOVlVNYXVka21PYlRuMTdZSGdZZDhQLTBhNkFldngtQ2NudWdKbk9nS2s1ZEVjcDVEeXpEUW85N0J1WVZ1S0ZiTlVJTWlMQ01HekJZOXBKVlgzMENfUWJVU0RIclJVZE1nSlF4MF9tbTFnLVZoUlhSZGtZbnNWLXZmVVFNNFg2cU4ycEZfYW50UW1nalZKckdDZz09

Raw Record

{
  "text": "Some users in the Daily and in other posts seems to be a little confused about what happened yesterday and why the ETH price didn’t go to the Moon immediately after the ETF announcement yesterday. You know the saying “The history doesn't always repeat itself, but it often rhymes”, right? We use it all the time.\n\nI don't know if you remember what happened when BTC ETF was approved, massive euphoria, everyone was super excited, and then? **Nothing**. BTC dropped, and then it crabbed for a few weeks. See the chart below.\n\nBasically, what happened back then was a classic example of \"buy the rumours, sell the news\" BTC ETF was approved on 10th of May. It then took several weeks before the price went to the Moon and reached its new ATH, and it went up by **54%!**\n\nThe blue box represents the time from BTC ETF approval (May 10th) all the way to new ATH (March 13th):\n\nhttps://preview.redd.it/aua4c4p31c2d1.png?width=1347&format=png&auto=webp&s=0366ae86030f53116d3258db1a8fc37a90119459\n\nIt took BTC **63** days to make it happen.\n\nWhen it comes to ETH, please be prepared for something similar to happen. Please be patient. First, the funds that will offer the ETF need to accumulate Ethereum, **they need to actually start trading it on their platforms, and they need to start offering it to their customers.** This can take days, weeks, or even months.\n\nIf ETH repeats similar price action to BTC's and if we see similar price increase of 50% to the upside, ETH could be potentially trading ETH at $5750 just few weeks from now.\n\nObviously my chart bellow is only a pure speculation so don't sell your family farm just yet to buy more ETH.\n\nhttps://preview.redd.it/lnrghsn91c2d1.png?width=1348&format=png&auto=webp&s=ee03ddb8987b6eb55b8242d1462e1435bd11b76d\n\nI know it’s a lot of hopium, but once again, please be patient, DCA, HODL, wait, and I will see you on a private island soon enough, where we'll open the finest champagne. 🚀\n\nWAGMI",
  "label": "r/ethtrader",
  "dataType": "post",
  "communityName": "r/ethtrader",
  "datetime": "2024-05-24",
  "username_encoded": "Z0FBQUFBQm5Lak1qcFJTLWd5QnJVcmxiNVhIYnJraVlZVWdfTjEtX1JsdldsbERGTHhNMzdMQklCaktfZHl1ZXJ1cW81Y1Fsbng3SWc2MXFjOGZTc0FZS3VMaGg5ZGZmMXc9PQ==",
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}
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