This Just Broke Ethereum
Quotes & Clips
5 clipsAnsem projects Ethereum could drop to $1,000
“I think you can short here, short ETH from $23 all the way $1,000 by end of year. Do you have any end of year price targets for us? Oh, man. I mean, by end of year, I think that ETH is actually going to be closer to like $27, $3,000 by the end of the year. That's that's me personally. I don't think that what we just saw in this DeFi exploit is enough of a catalyst to send ETH to $1,000.”
KelpDAO exploit drains $300 million from DeFi
“The re-staking platform was exploited. Nearly $300 million were drained in an attack. Now, this is affecting primarily nine crypto protocols, nine DeFi protocols. I have the list right here. Aave, Sparklin, Lido, Fluid, Athena, Compound, Yearn, Layer Zero, Euler, Upship, Pendle and Bifi. So if you hold any of these tokens, maybe be very careful.”
Bitcoin finds strong support near $70,000
“After they started selling Bitcoin ETFs to their clients, Bitcoin would pump from about 40,000 to a little over 70,000 very, very quickly. Now, this is March of 2024 I'm going to go ahead and put a horizontal line right here. And you'll see we retested this one time before we had our nice push up to 126,000, where we eventually topped out. You can see we came back down, got very close to retesting it right there.”
Stock markets show consistent Monday recovery patterns
“The stock market, look at this pattern. We open Monday lower than we open on Friday, and then we start climbing pretty quickly, pretty aggressively. This is last week's Friday and Monday. This is the week before Friday and Monday, and this is the week before Friday and Monday. For a month straight, we've been seeing the same pattern here. And so if this holds, maybe this is just going to be the fourth week in a row.”
Morpho gains traction following Aave protocol freeze
“I'm personally going into Morpho. Like I'm of the opinion that when you see a giant fall, another one will rise. Morpho is starting to nip at the hills. It's been on a stair step up to the right. And the lending for Aave is down to 17 Bill, but Morpho is actually increasing. It's just about 6.59 Bill. It's number two. And generally, that sharp decline right here on the overall TVL graph is showing the pain caused by this Aave exploit.”
Want to hear more clips?
Get a daily email of the best quotes & audio clips from the top podcasts.
Episode Description
The "Ethereum is Dead" narrative is back, and this time, the numbers actually look scary. While Bitcoin hits new highs and Solana captures the retail hype, ETH seems stuck in a ghost town of declining fee revenue and "boring" price action. 💥 Join Our Trading Group Discord - https://discord.gg/pJYe4Z9FWa Zoomex - https://partner.zoomex.com/aff/ZX904299 Toobit - https://www.toobit.com/en-US/affiliates/exclusive-activities?invite_code=DiscoverCrypto&activityId=1474 Blofin - https://partner.blofin.com/d/DiscoverCrypto BTC Conference - https://fxo.co/JAnx Klein Funding - https://kleinfunding.com/ref/10673 DC25 for 25% off on all standard challenge account DC15 for 15% off on all instant pro accounts ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● ➡️ Protect your BTC From Taxes - https://bitcoinira.com/ ➡️ Crypto Tax Services - https://www.decrypted.tax/ ➡️ Use 'DC20' for 20% off Arculus - https://www.getarculus.com/products/arculus-cold-storage-wallet Bitcoin Ticker Box - https://tickerbox.eu?sca_ref=8841235.jarE9W1myNW ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● ➡️ Follow on X - https://x.com/DiscoverCrypto_ ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● All of our videos are strictly personal opinions. Please make sure to do your own research. Never take one person's opinion for financial guidance. There are multiple strategies and not all strategies fit all people. Our videos ARE NOT financial advice. Our videos are sponsored & include affiliate content. Digital Assets are highly volatile and carry a considerable amount of risk. Only use exchanges for trading digital assets. We never keep our entire portfolio on an exchange. #bitcoin #crypto