Bitcoin opposite. Ethereum: MOW sees “pump and emptying” repeat star-news.press/wp

Samson Mww, a businessman and founder/founder/CEO of the well -known Bitcoin Company, threw a bucket of cold water on the relative ETHEREUM power explosion versus Bitcoin, on the pretext that the Ethbtc step is engineered back by BTC. “Let me explain what is happening with ethbtc,” he wrote on X, and it organizes cash for both flows and psychology.

Bitcoin Maxis laugh at ETH POMP-AND DREM

he Allegedly Familiar circle in play: “Most ETH holders have a lot of BTC (ICO/Insiders) and they rotate this BTC to ETH to pump it into new novels (ethereum treasury co).” Once the price is the place they want, it continues, “Once they are high enough, they will empty ETH, create new generations holders, then rotate the gains again to BTC.” The tail in the tail – “Nobody wants the long term. Plan accordingly.”

The price procedure provides the fabric for this claim. ETHER is trading in the low world -4200 dollars, after it reached a mark ~ $ 4337 early, while Ethbtc Cross hovers around the middle of 0.03s. In terms of the dollar, the immediate battlefield is whether the ETH can exceed more than $ 4000 – 4,100 dollars and pressure through the offer pocket from 4,300 to 4,430 dollars; On the cross, many technicians still represent 0.04 as the first meaningful resistance that would indicate permanent ETH leadership if accepted on a weekly basis. With ETH ever rising at approximately $ 4,878 of 2021, the market is close enough to invite an ambush for the classic seller that crowned the previous operation.

Psychology is exactly where its science is cultivated. “It will be difficult for ETH to break the ATHS because the closer to this psychological level, the stronger the motive for sale. It is the dilemma of Bghholder (like the prisoner’s dilemma except for SELL/Hodl),” he wrote as a follower, on the pretext that proximity to landmarks is like the previous high isolation that moves.

It is also waving the fears based on the plans between Bitcoin: “Bitcoin should not be worried about breaking the landline line. Ethereum has always been a way for these people to get more bitcoin. This was true for ICO and that’s right now.” Read in the sequence with the thesis of its cycle, the message is that even violating the trend line on the ratio does not negate the BTC → ETH → BTC episode that is believed to be run.

Part of the background is the new narration about the “ETH”. Vitalik Boterin position gives this topic the police back wind. He said: “Being a mere advantage that companies can have a part of their cabinet good and value … Giving people more options is good. It is worth noting that Burin criticized the BTC cabinet companies in the previous comments, but well with the equivalent of ETH.

HEAT speculation also intensified after the founder of Consensys Joe Lubin dismantled the “Flipping” gossip in the appearance of broadcasts on CNBC, as it prompted the idea that the treasury strategies can change the status of ETH – “I think we may see amazing things next year” – can weaken the Bitcoin in the market value almost.

This mixture sparked a sharp equation from MW: “It is clear that they believe that the escape will happen again.

At the time of the press, Bitcoin was traded at $ 119,486.

Distinctive image created with Dall.e, Chart from TradingView.com

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