Joined: 11.01.2021   
Sabuj dewry             
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Why Doesn't ETH Pump?
4 years ago

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The stage is set for ether to pump. Why doesn't it pump? BTC had rallies, altcoins had little rallies, but ETH — it is just traveling in a channel between $1100 and $1250.

We have news of exchanges run...ning low on ether, more traders wanting it, the Ethereum foundation teasing a deflationary system for it, and predictions from every shill about ETH going to $50,000 in the next 2 seconds. So why doesn't ETH moon even when everything else does?

Well, the fact is that trends are just that — trends. They lead to certain outcomes, but they do not create those outcomes until those outcomes are created. Make sense?

In order for ETH to moon, the order books have to thin out and people have to stop selling to an extent that buyers find a shortage. That hasn't happened yet. There is a trend towards it, but it hasn't happened.

The reason you see instant moons in alts right after a shill or some news is that the order books are so thin compared to ETH. The new volume overwhelms the flow that is already there and shifts it dramatically. You're talking a few million maybe as opposed to ETH, which does billions in exchanges every 24 hours.

The bottom line is that ETH can absorb much more news than altcoins or even BTC at this point. Institutions are pouring into BTC, so its order books respond more quickly to news than ether, which is only now at the very opening stages of institutional buying. If you want to know how much a bit of news will move a price point, take a look at the asset's ability to absorb news without affecting the order book. You will have a much better idea of whether that asset will pump or dump or not.
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Market is down a bit and cryptocurrencies prices are a much lower right now. This is a good opportunity to buy the dip and load up on your favorite crypto assets as their prices are much lower now. Do not miss ...this opportunity.

Here are some suggestions on some platforms where you can buy crypto assets with low fees. You may check them out:

1. BINANCE: https://www.binance.com/en/register?ref=44640237

2. CEX.IO: https://cexio.page.link/3Ddf

3. Paxful: https://paxful.mobi/?r=LrdJzE4WNdK
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Bitcoin above $35,000 now and Altcoins led by Ethereum following a Bullish pattern also!

🚀🚀🚀

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According to various reports, U.S. President-elect Joe Biden is planning to create another $3 trillion for Covid-19 relief and infrastructure. The massive stimulus plan and the backers behind the Biden administ...ration have made crypto proponents believe that bitcoin will prosper greatly.

Biden Proposes to Finance Covid-19 Relief and Infrastructure With $3 Trillion
Ever since the coronavirus outbreak took hold across America, politicians and members of the U.S. Federal Reserve has distributed massive amounts of dollars to special interests and Wall Street trading houses. Americans did get a stimulus check for $1,200 during the last program, and then $600 per person during the most recent stimulus plan.

https://news.bitcoin.com/crypto-advocates-think-joe-bidens-3-trillion-stimulus-plan-will-bolster-bitcoin/
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