Ethereum Time for a Decision Please⌚

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Ethereum shows signs of a coming move

Is there movement coming back to Ethereum now or are we falling asleep altogether? Setups are forming on some smaller time units to trade. These setups and maybe yes a PG will then bring momentum into the tired ETH😴

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Breakdown or new highs

On the smaller 6H unit, shoulder head shoulder formation could also announce a trend reversal pattern. No one can tell in this situation but the setup is at least there. For those who have never traded such a formation, please feel free to ask questions in the comments.

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On the monthly chart you can see the real problem we are in. The last month has attracted sellers again at the end and they have taken profits. Will this happen again this month or will we even experience a new all-time high?

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Source: (Guidants/Godmode Trader) & JFD Broker & Binance

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Why use ETH when we have the Hive-Engine?
Even BSC is faster and cheaper than ETH.

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I think because most people see ETH as the silver of crypto. after the defi things, they start to realized how high the fee are and now having an eye of BSC, lets see how hive will attract more people in after the cub launch

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Ethereum is probably more of an investment, alt-runner has explained it well. I am also very curious what happens next in Ethereum, in the charts but also fundamentally

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(Edited)

I am expecting it to crash and burn shortly. Remember that in the original website it stated that without payment of ETH for every step of computation on Ethereum, infinite loops would bog it down and cause it to crash. They are switching to proof of stake? So what is an ERC20 on ETH2.0 then? I wish everyone the best of luck but I have tokens I can't move unless I burn even more money than they are worth.

ETH had its first mover effect, now there are quintillions of tokens being created on it, with money printing that even Vitalik says puts central banks to shame. They are using all the best ideas to try and patch it up, and if the valuation is high enough, its worth it I suppose to Frankenstein it together. I don't hear any Ethereum supporters talking about the hard questions though, or taking a critical look at many of the flaws it has. Usually its a 'get rick quick' pitch, with a call to action to buy into a referral pyramid that is built with smart contracts, so it cant be a scam, ooo amazing it uses BLOCKCHAIN and DEFI wow, insert money dont ask questions.

All those types have been using Ethereum and this past year, I have repeatedly said to them, no way. They wont take a look at Hive but they love burning ETH fees. They also have their money locked up so they are committed. I never touched an Eth defi, but thanks to LeoFinance and the low fees and fast tx on BSC I see clearly that Ethereums days are numbered.

After the ERC20 - BLEO bridge is complete, all you will have to do is insert an ERC20 and convert it to Binance. Ethereum might be doing some interesting things, but it is no Hive-Engine token that is for sure.

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I only hold a small position in ETH and this is hedged with a stop loss. The defis I trade only in the future on Binance, because there the fees are ok. But Hive Engine is also a very good marketplace for cryptocurrencies. The fees are very important and if they are too high it is very annoying. I hope the problem with stuck defi coins will be solved soon.

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You have a good eye colleague. I actually think Ethereum and Bitcoin should correct, it would be the healthy thing to do for both. In fact BTC at the moment is in a kind of pennant.

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If it breaks it to the downside, it will most likely drag Ethereum down with it. Have to keep an eye on the price action on both.

Best regards my friend! 👋

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Thanks for your chart and BTC is always to be used as an indicator of movement. I have been hoping for a healthy correction for a long time but every setback is bought. I have open retracements in many cryptos.

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Concuerdo contigo en el analisis, si el ETH no es capaz de romper al alza la base del hombro-cabeza-hombro que formo, es muy probable que estemos en mercado bajista a corto plazo. Lo mas probable es que el precio intente retestear la base y si no logra superarlo, el precio es muy probable que caiga.

I agree with you in the analysis, if the ETH is not able to break up the base of the shoulder-head-shoulder that it formed, it is very likely that we are in a short-term bear market. Most likely, the price will try to retest the base and if it cannot exceed it, the price is very likely to fall.

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