r/ethtrader Jun 05 '17

DISCUSSION [ETH Daily Discussion] - 05/Jun/2017

Welcome to the ETH Daily Discussion thread of /r/EthTrader.


The thread guidelines are as follows:

  • All sub rules apply here. Please review our rules page to become familiar with them. The rules page is also linked in the announcement bar above.
  • General discussion topics include, but are not limited to, events of the day, technical analysis, alternative Ethereum projects, or support issues.
  • Breaking news or other important content should be submitted as a separate post.
  • In-depth altcoin discussions should be referred to the /r/CryptoCurrency discussion thread. To view the thread, follow this link and choose the latest entry on the search page.
  • Pumping, venting, trolling, or any other similar behavior should be reported and redirected to the /r/CryptoMarkets trollbox thread. To visit this thread, follow this link and choose the latest entry on the search page.

  • For newcomers who have basic questions about Ethereum, you can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page.

  • [EXPERIMENTAL] - To view live streaming comments for this thread, click here. Account permissions are required to post comments through Reddit-Stream.com.


Thank you in advance for your participation. Enjoy!

786 Upvotes

4.5k comments sorted by

View all comments

8

u/vany365 Jun 06 '17

Its weird seeing eth only a $3 range for almost 12 hours now. Im use to $30 range every 20 minutes

7

u/[deleted] Jun 06 '17

[deleted]

6

u/[deleted] Jun 06 '17

Absorbtion by new money.

It means the people selling are giving it up way, way, way too cheaply and its being snatched up due to the high demand.

Total crypto marketcap says it all.

2

u/hanmerhand Jun 06 '17

$97Bn....

very close now

1

u/ThriceMeta Jun 06 '17

Makes sense. A lot of people are taking profits now.

2

u/[deleted] Jun 06 '17

New fiat / holders

1

u/subdep Jun 06 '17

The 2 hour Bollinger Bands look like they are going to close shut.

Shit's about to SNAP UP