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/biz/ - Business & Finance


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51333019 No.51333019 [Reply] [Original]

ETH is incredibly overbought right now

And everyones reasoning for it is: "THE MERGE"

Meanwhile, the merge wasn't important 2 months ago apparently when Bitcoin was under $1k


Whats that saying about pigs getting slaughtered?

>> No.51333098

>>51333019
nigger

>> No.51333591

>>51333019
I bet eth is the only thing holding up the alt season. I'm losing hundreds of dollars longing the bitcoin dominance but it keeps dumping really hard. I don't wanna get liquidated. Is eth really going to flip eth

>> No.51333628

>>51333591
when the merge is a confirmed nothingburger and everyone realizes ETH supply barely matters when we're in the middle of a fucking bear market and it'd be $200 right now if it wasn't for le triple halvening it'll dump below $1000 as the whole market takes a giant shit

>> No.51333650

People choose to hold on until the merge because they expect that it will pump or at the very least hold until then.

Once the merge goes through it might get a quick 5-10% pump and then dump into oblivion as people position themselves for a continued bear market

>> No.51335297

>>51333628
this is what im hypothesizing. all i see is
>Here's why the merge is kind of a big deal [threademoji] [handpointingdownemoji]
>Triple halving? Triple my stack!
and so on and so on

>> No.51335377

>>51333019
>Meanwhile, the merge wasn't important 2 months ago apparently when Bitcoin was under $1k
bot detected

>> No.51335612

>>51333019
My exchange is literally offering ETH for 50% off

they must be expecting a huge crash soon

>> No.51335975
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51335975

>>51335612
>My exchange is literally offering ETH for 50% off

>> No.51336019

I dont know, what is the saying? Im curious now!!! :)))

>> No.51336047
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51336047

>>51333019
>overbought
you have no idea what that means