Ethereum (ETH) chart, we are rerunning it. With the jump in Ethereum (ETH) and a melt-up in other asset classes, like stocks, we think the Fed may be pumping a lot of money into the system to ensure everyone has a Happy Holidays. Nobody needs problems like a shortage of dollars via short term loans at the Holidays.
Bottom Line: We think there is a decent chance the Fed is pumping money into the banking system…hard. Traditionally, that has benefited crypto. If that’s true, Ethereum’s (ETH) may have come.
Published at Mon, 04 Nov 2019 16:03:51 +0000