It’s about goddamned time……….

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As recent posts have shown, I’m really hung up on Ethereum breaking $1700 so this bear market can have its next leg down. I just want to be clear that $ETH isn’t some freakish weakling. The entire crypto space has been blown to smithereens, and frankly $ETH and $BTC are the strong stalwarts, having lost “only” about 50-60% of their value. Take a look at these major al-coins and see how much core damage has been foisted upon these charts……….

It is extraordinarily clear that someone out there really, really, really does not want to see $1700 broken on Ethereum, which is the “animal spirits” limit that I’ve been mentioning daily since Millard Fillmore was in office.

I just won’t shut up about Ethereum, so here I go again: if it can break $1700, you will see the Animal Spirits change. Call it a hunch. Call it a wish. But I’ve got my SlopeAlert ready to tell me if and when it happens.

I mention the “animal spirits” of crypto on a regular basis, and I watched with great interest as Ethereum and Bitcoin both vaulted higher a couple of days ago. I expected they had both shot their wad, and sure enough, we’re seeing that today, and BTC drops by quadruple digits.
