ethereum is facing a double top with correction in between, i presume that it was for establishing a new bottom, that now is between 0.02 and 0.03
so the other top could be 0.04 or higher, guys this is not a simple p&d, it will probably stay at this level, there is no going back to 0.01 or whatever
C'mon Amph, that ain't how shit works around here.
"But this time it's different!" Yeah, sure it is.
it's actually work all the time in this way here, and it's not different at all, it's how it work for bitcoin too, each pump bring a new bottom that need a certain time frame for consolidation
not different with ethereum, the same thing is happening, a parallel pump it's possible on both etheruem and bitcoin on the future, no one said that only one coin can get a monstrous pump at any given time
Show me a coin with a pump 10x plus over a few days that wasn't followed a monstrous dump. Just one.
that does not change the fact that the new bottom will be higher, it does not matter if there will be a big dump after a big pump, this is how the market behave all the time
but as along as the new bottom is higher than the one before the pump started, the coin is making progress
the 1200-800-600-400-200 for bitcoin, is the case, before the 1200 rally the value was 60-90, and after the big dump it went to 2xx
i'm actually saying that there will be a dump but not now, because we have not reached the real top, this is what i mean
assuming a real top of 0.1, the big dump can tank the value to the current price or near it, but still a 10x rise if you factor the initial value before the pump(360k satoshi)