Why my ETH Holding has grownEthereum / U.S. dollarBITSTAMP:ETHUSDBlackisKingIn my last ETH update when the price was at $1700 and it looked as if the world was crashing, I mentioned I thought ETH was going to set a new ATH and so far it did but not at the price area I was expecting. I also did mention that I expected a return to around $3000 which is close to where it currently is. All that said, I have had more time to look at the ETH chart and I think I may have been less bullish than I should have and as a result I grew my ETH holding since then. A few things I would like to point out. One of which I mentioned in my last update. Looking at the ETH chart, it looks too similar to the gold chart with the ABC shakeout that gold went into before the massive rally. Imagine holding GLD from Aug 2023 and selling in Oct 2023 because you could no longer handle the pain at this point below? Now imagine those that held during this time, the fear and uncertainty they would have gone through. Personally, I think that is what the bookmakers are doing to ETH holders. If you believe the narrative that every asset will be tokenized and it ETH is the most trusted, then it makes sense to shake as many people out as possible before the GLD like rally. Secondly, (although its a toss up) the action ETH is displaying now is similar to that of 2018 to 2020 and that we are in Sep-Oct of 2020 as you can see from the main chart and below as well. Finally, the one bearish scenario is that we are doing the gold option but that we fail like this stock (PSNL). I had noticed the-same gold pattern and traded it but luckily I sold just before the failed breakout (so far) and you can clearly see the ABC pattern exactly like GLD before the breakout. This is not a financial advice and I am not asking you to buy ETH. Just my opinion. Please like, share and leave a comment.