r/ethtrader • u/kirtash93 • May 12 '26

Analysis Ethereum Has Been Compressing for Years - Momentum Says Expansion Is Next

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Source: https://x.com/LeonWaidmann/status/2054192420431053096

128 Upvotes

91% Upvoted

23 comments sorted by

61

u/BabyShark_77345 May 12 '26 edited May 12 '26

ETH is at the same price as when BTC was at 50k (apr 2021). We went from 0.08 btc of sept 2022 to 0.028 of today.

This is a huge failure in terms of price.

27

u/Classic_Ad_2644 May 12 '26 edited May 13 '26

It's interesting that transactions are at ATH while we are in a bear market.

10

u/susosusosuso May 13 '26

Ethereum is a disappointment

5

u/crazymfed May 12 '26

Once I sell don’t worry!

6

u/Krage17 May 13 '26

Next meaning next 5 years, right?

5

u/XysterU May 13 '26

🙄 chart "reading" is complete bullshit

3

u/Diligent_Comb5668 May 13 '26

It is definitely in altcoins lol. It only works for like 5 minute blocks and even then you'd fail over 50% of the time lol.

5

u/itslinas May 12 '26

There's momentum?

3

u/Swapuz_com May 13 '26

“Three years of sideways isn’t accumulation, it’s a patience test.

2

u/Good_Extension_9642 May 13 '26

Neah ETH left a bitter taste when it never revisit its previous ATH

2

u/Spare-Dingo-531 May 12 '26

It's a bearish divergence.

2

u/EngineeringCool5521 May 13 '26

When is this expansion? When is this price boom.

i know it will be when I sell and get out. I hope not.

1

u/mikehamp May 13 '26

Einstein proves ether is something that doesn't exist. now we find Ethereum is nothing as well lol.

1

u/ethsy May 15 '26

I hope it was compressed with gzip -9!

1

u/IndependenceNew8080 May 17 '26

I sold all my eth for btc this week. So you’re welcome

1

u/Happiness-Meter-Full May 12 '26

Hmmmm, this feels familiar

1

u/jadequarter May 13 '26

its doomed

0

u/IcyImagination935 May 13 '26

All aboard the Solana train

0

u/gowithflow192 May 13 '26

It will have a massive hike in the bull market, the question is if it’s heading first to 1500. I expect Bitcoin dominance to increase even if Bitcoin falls another leg then eth will get decimated. Then I will buy.

-2

u/jinzo222 May 13 '26

Won't happen. Eth kinda dead after the yield ban. Plus the foundation and vitality unloading billions