Etherum on the Move...

Ethereum depicted as a rocket blasting off

Artwork by Steven Grundy

What, more Crypto talk? Yes, sorry, more crypto talk, but I'll try to keep it short. Back on July 16th I said that I thought the bear market had ended that day and we were starting a new bull market. Only time will tell if I was right because we haven't had enough time to call it a bear market.

But, in that time, Ethereum, the bellwether coin that we measure with, is already more than 50% from that date and 120%+ since June 16th (2022). There are a lot of coins that did better than that, but for a "safe" bet like Ethereum, that's a really nice move.

But, it's not too late. Ethereum makes a change on September 26th that will dramatically improve it's capabilities. I think we are going to fairly quickly see ETH return it, and pass it's all time high of $4891.70, maybe even before the end of the year.

Now there is always the chance that ETH, and all coins, will turn around and head back down for a test of the low of $876.54. But, each day that goes by, and every new resistance point we move through makes me feel better about being right about that day in June being our low.

If ETH goes where I think it is going to go, it's not too late to get in. As always, don't invest any money in Crypto that you aren't prepared to lose. There is a very real risk involved with the wild swings of Crypto, including the chance that you could lose it all. But, if you do have some "spare" change sitting around, now might be the time to put that change to work for you.

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