The Historical Opportunity of Ethereum
Ethereum in the 9th Decile Historical Data Points to a 81 Percent Return in 12 Months
Ethereum dropped to US$ 1.934, leaving the average investor 22% at a loss. But Fundstrat's analysis shows something interesting:
๐ Realized price: US$ 2.241 (average cost)
๐ Current drop: 9th decile (extreme overselling)
๐ Median return (12 months): +81%
โ Historical accuracy rate: 87%
Tom Lee (BitMine): "ETH shows 'V' recoveries after significant lows. This has occurred in each of the eight previous drops exceeding 50%."
And while retail sells, institutions BUY. BitMine acquired 45,000 ETH in 2 days (~US$ 89 million).
Fear in the short term, opportunity in the long.
#Fundstrat #BitMine #Oportunidade #BinanceSquare #Write2Earn
Ethereum in the 9th Decile Historical Data Points to a 81 Percent Return in 12 Months
Ethereum dropped to US$ 1.934, leaving the average investor 22% at a loss. But Fundstrat's analysis shows something interesting:
๐ Realized price: US$ 2.241 (average cost)
๐ Current drop: 9th decile (extreme overselling)
๐ Median return (12 months): +81%
โ Historical accuracy rate: 87%
Tom Lee (BitMine): "ETH shows 'V' recoveries after significant lows. This has occurred in each of the eight previous drops exceeding 50%."
And while retail sells, institutions BUY. BitMine acquired 45,000 ETH in 2 days (~US$ 89 million).
Fear in the short term, opportunity in the long.
#Fundstrat #BitMine #Oportunidade #BinanceSquare #Write2Earn