Also, if you look at the ETH/BTC chart and go back to 2/11 and 2/12, that was the last local bottom, and that exact same .051 ratio is being vigorously defended three times today. BTC was $49k then and is around $62k when that peg gets defended. Exact same ratio, 27% price jump.
In the end, it means nothing, it’s stupid short term games, but for a dork like me, I find it entertaining for some reason.
Yeah I had been holding ETH that I foolishly bought back in 2020. Sold it over $4000 recently. Glad to be rid of it. Got super lucky on that one. Ashamed and disgusted with myself. 😓
I had a shitcoin phase as well. Definite shame. However, now I just look at it as a proxy to determine when there is actual adoption buying of just Bitcoin vs traders just moving the whole cRyPtO market up and down based on news, the Fed, etc.
