But what ho! Ethereum (ETH) must have missed the memo, or perhaps it simply fancied a spot more drama today, as itâs dipped a modest 1.14% over the last 24 hours. Well done, ETH, for keeping everyone on their toes đ.
Take Ted Pillows (I know, if youâre going to make predictions on the internet, choose a name you can embroider on a cushion). Heâs waving his charts, insisting Ethereum has bounced off its classic âlower channelâ like a cat that canât decide if it wants in or out. Apparently, this is ETHâs signature move â did it in 2017, did it in 2021, made a lot of people tweet in all-caps, and now could be ready to do it again. Or maybe not. Who knows, crypto is basically astrology with spreadsheets.
The excitement began when the mystical Mikybull, who communicates exclusively in thunderous bull emojis and riddles, thwacked a message on X (which, for some odd reason, people insist is not called Twitter anymore). âEthereumâs done with the âWyckoff reaccumulationâ test!â he bellowed. If youâre wondering what that means, picture ETH pulling on its best running shoes and preparing, during an oddly named exercise drill, to bolt straight for the moon.
What will determine whether XRP sinks or swims? Why, the wild moods of investors, of course! If they start biting their nails any harder, the price might just bite the dust too.
On a fair midsummerâs dayâJune the 26th, forsoothâRipple, that crypto-maestro, did declare with flourish that Wormhole, a protocol most cunning in the art of cross-chain gallivanting, entwines its fate with XRP Ledgerâs mainnet and the far-famed Ethereum Virtual Machine Sidechain. To quote the poets at Ripple: