“Etherium push and pull behavior around the all-time high, whale market manipulation and faking…

The Path forward for Etherium new all-time highs and parabolic activity

Recently Etherium reached not once but twice a new all-time high, but once again it turned away from its destiny. A higher price seems programmed, but it`s not revealing itself just yet. Currently, a lot of traders, experts, and folks alike are identifying that Etherium is not breaking out of its all-time high, and this is actually something that could have been expected. Situations like this in the market can lead to manipulations of the crypto whales holding huge amounts of coins. This could be one reason for the breakout being rejected in the last few days not once, but twice.

Retail Investors often put a 10x or even 100x leverage on their trades. As soon as the price goes down just 1–2 % they lose their whole trade and get liquidated. Big traders and whales love to look for ineffectiveness in the market to take profit. Bitcoin itself had a very similar pattern when it was trying to break out of its prior high in March 2017- successfully surpassing it in its second wave in August 2017.

in March 2017 Bitcoin tried to surpass the prior high and clearly got rejected at the +100$ mark twice. From the first time surpassing the prior all-time to the point when it clearly broke out and blasted the prior high a decent dump occurred.

This is the big fakeout.
Retail investors often quit their trades as soon as the index is showing a significant downward trend, leaving their coins ready to be bought by the whales. After the blastoff Bitcoin moved 233 % + upwards.

The Etherium Index on January 27th, 2021. It`s been tickling on the Edge trying to surpass and leave behind the all-time high for good twice in the recent days, finding itself being rejected to clearly break it.

I believe strongly that once the whales had their fun and the market no longer expects Etherium to snap upwards imminently, this could be the time to get rewarded for holding the coins in the dump. This is just a ticking timebomb and it looks like a mather of time before Etherium is overcoming its prior all-time high in a convincing way, flipping the resistance into support, and have a staggering and explosive move upwards.

Etherium seems to be underestimated in its possibilities regarding decentralized financing, where it is the undisputed champion of housing these solutions — at least in the near term. Plus Etherium is just the next asset in line for true institutional adoption, being included as a CME Future option launching mid-February. All these factors combined together, based on the charts and the upcoming proposals reveal that Etherium seems to be a monster in the making and it’s only a matter of time before the games of prior all-time highs are set and done leaving the doors open for new price discovery.

There you have it — my logic of why the push and pull behaviour at the all-time high is actually planned. You can look back at the reference to the only coin which can be truly compared to it- bitcoin — and how it overcame its first all-time highs with its second wave and how history can be used to better understand what’s going on right now. Etherium will be undervalued until people understand what it is — nothing less than a new layer on the Internet.