Ethereum classic - An elder resident of God’s waiting roomEthereum Classic / TetherUSBINANCE:ETCUSDTwithout_worriesAn opening statement: The idea is not restricted to Ethereum Classic (ETC), many legacy tokens are showing the same sequence of events as highlighted in the chart above. The recent update to the OTHERS total idea identifies a few. Story so far The Crypto gambling mania of older tokens continues to entice many. Market participants were told financial armageddon is around the corner, prepare now. A corner that turned out to be a roundabout, an endless road to nowhere with changing views. “ETF is coming Ww!” “Trump will approve new Crypto fund blah blah”, the inbox is filled with such messaging. The project fundamentals are now irrelevant, it seems, as folks hope and pray for a greater fool to come along and release them from the stress of holding dead weight. But what if the crypto fool supply is drying up? Then what? The technical warning The above 8 chart of Ethereum classic is typical of many legacy tokens. Like stone skipping. That is, you throw this little flat stone across the pond and at first it’s amazing, it’s like, boing! boing! boing! You feel like a physics genius. However what’s actually happening, properly, scientifically, is the stone’s cheating gravity for a bit. It hits the water at just the right angle, makes this tiny lift like a miniature water trampoline. But every time it hits, it loses a bit of energy. Bit of speed, bit of spin, bit of dignity. Eventually it’s like, ‘Nah, I’m done,’ and just plops in. That’s it. It’s run out of the stuff that keeps it skipping. It’s the same as me after two beers trying to dance, starts strong lots of energy, then gravity wins. Straight down. Splash.. Sentiment No shortage of long ideas on the platform. . To be a contrarian is to look the other direction when everyone else says the same thing. Not easy, but imperative. Like many legacy charts, the Bitcoin pairs exhibit broken market structures. ETC.btc chart, broken market structure Conclusions There’s no polite way to say this, Ethereum Classic, like many of its legacy peers is running on fumes. Every bounce looks impressive until you zoom out and realise it’s just another stone skip on the surface of a dying pond. Each lower high is a polite reminder that gravity still works. The chart doesn’t lie: Momentum’s gone. Liquidity’s gone. Belief is on life support. Price continues to cling to the same horizontal band it’s bounced off for half a decade, the so-called “water line where surface tension and angular momentum meet.”* Below it? Silence. You’ll always find someone calling this “undervalued,” or “ready for a comeback.” But let’s be honest, that’s nostalgia speaking. What used to be innovation is now a museum exhibit, a relic from the days when everyone thought “blockchain” was going to save the world. Sure, maybe there’s a pop left in it, one final gasp, a skip before the splash. But when it happens, don’t mistake physics for faith. Eventually, every stone sinks. Ww ============================================================ Disclaimer This isn’t financial advice, obviously. If you’re buying Ethereum Classic because someone on the internet said it might bounce, that’s not investing, that’s performance art. I don’t hold ETC, I don’t want to, and if it suddenly moon-shots I’ll still sleep fine. Do your own research, manage your own risk, and please for your own sanity stop expecting miracles from assets that peaked during the Obama administration. If it goes up, brilliant. If it goes down, well… gravity wins again.