The crowd mentality always acts contrary
- On 8/5 when drawing the box ETH bounced up – everyone was scared, not daring to invest. That was when I made a big bet on ETH.
- On 21/5 the ETH chart showed many wicks at 25xx – I knew there was strong buying pressure from whales here and continued to analyze – the crowd remained bearish.
- On 3/6 some initial signs began to appear indicating ETH was returning to the race – at this time ETH was still at 25xx and the crowd was frustrated.
- On 10/6 I continued to analyze ETH's actions in the 25xx box – signs of accumulation through ETF money flow were evident.
- On 20/6 after the Iran-Israel conflict, the market and the crowd were bearish. The ETH chart was quite messy but the buying pressure from ETH ETFs remained strong – at this point, I knew something was being set up for ETH.
- On 30/6 ETH remained stagnant at 25xx – most believed ETH would backtest below 2000.
- On 9/7 I analyzed that this altcoin season would still occur and analyzed how altcoins would rise this season.
- On 14/7 ETH was big shorted by Wall Street on CME but in reality, it was a basis trade with free risk – the crowd was bearish when seeing many "huge" short orders.
- On 15/7 I warned that Huy Nibi was lurking to return with the nickname G7.
- On 18/7 ETH pumped to the 35xx range, the ETH ETF money flow exploded – the crowd began to pay attention to ETH.
- On 21/7 I analyzed the driving force for ETH's price increase would soon return to the $4000 range and analyzed ETH.D.
- On 25/7 ETH was sideways at 35xx – the crowd questioned whether they should enter ETH at this time.
- On 28/7 preparing for ETH's 10th birthday – after this event, ETH's price did not react much, still around 35xx.
- On 5/8 I exposed Wall Street's plan coming to take your ETH.
- On 9/8: ETH surpassed the $4000 price range and Eric started to boast – the crowd returned to a neutral state, some wanted to buy ETH, while others were bearish on ETH.
ETH is Rich's big trade for 2025 after SUI 2023.
Rich invests with a clear thesis, but after ETH surpasses $4000, Rich will no longer analyze the ETH chart to avoid causing FOMO among others, although the targets remain 6868 and 8686.
The small retail trade that Rich is following is $TRUMP, I will analyze it next week.
Wishing everyone a happy weekend.
Join Richard's RC Trading community just called $SOON +50% ❤️🔥
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