Ah, the grand spectacle of the financial markets, where an analyst with the esteemed title of Master Trader on Bybit proclaims that Ethereum (ETH) is ready to climb the heights of glory once more. Truly, what a revelation! Prepare yourself for an enthralling five-wave rally, according to our friend Bluntz, who, despite his pseudonymous mystery, has somehow managed to amass 318,700 followers on X. Such a curious thing, isn’t it?
Bluntz, ever the devout practitioner of Elliott Wave theory, declares that the cryptic fluctuations of Ethereum’s price are nothing more than the first thrilling act of a five-wave surge. Naturally, following this, there will be a correction. Because, of course, nothing in life is ever without a little fall from grace.
In a display of stoic optimism (or perhaps just a touch of whimsy), Bluntz predicts Ethereum will still reach the glorious price of $3,500. All of this, despite the small matter of President Trump’s latest tariff tantrum—which, as it happens, erupted *precisely* ten minutes after Bluntz went to bed. The world is ever so considerate, isn’t it?
“Despite the Trump tariff tantrum which happened legit 10 minutes after I went to sleep, I think ETH still looks ok and going to assume a range here.”
At the time of this profound musings, Ethereum is trading at $2,478. A mere pittance, one might say, compared to the grand promises of the crypto heavens.
But wait—there’s more! Bluntz, ever the visionary, also harbors a deep affection for Ethereum-based memecoin SPX6900 (SPX). Why? Because, of course, it’s in an uptrend, and what better time than now to reach a new all-time high of $2.30 by October. A modest ambition, wouldn’t you agree?
“Bid some SPX. Going to try and hold for all-time high.”
Now, for the uninitiated, SPX takes its name from the illustrious S&P 500 index, yet this particular memecoin aspires to something far grander—to “topple the S&P 500” and achieve a market cap of $69 trillion. Truly, the stuff of dreams! One wonders if the memecoin’s creators, in their wildest fantasies, have secretly been toying with ideas of world domination as well.
In the world of crypto, logic is but a distant memory. Fellow strategist Jack agrees that SPX may well soar if the S&P 500 itself decides to break free from its mortal chains and reach a new all-time high. Ah, the beauty of investing in things that don’t make sense! A gamble worth placing, as Jack might say, because—well, obviously—SPX going to 6900 will capture the mindshare. And who doesn’t love a good mindshare, especially when it’s sprinkled with liquidity beta?
“Bullish on incels.”
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2025-05-26 03:03