#Ethereum main chart update Ethereum has been showing quite a lot of strength since its June bottom, breaking above the yellow downtrend and already printing a Higher High, something Bitcoin has still not done. It is also currently trading above both the 200w and 50w SMAs, although I would still want to see several closes above them. For the bear camp expecting ETH to revisit 3 digits, that would now require a ~60% drop from $2600. A black swan could always produce that kind of move, but statistically I cannot build a base case around that. Also worth remembering all the charts I shared over the past few months from accounts that were pointing to a higher probability of a bullish outcome for Ethereum, especially when sentiment was much more bearish: @CredibleCrypto @karlbooklover @uci0o12 @TraderJBx @GeoMetric_9 @cantonmeow @Bobby_1111888 @lourenco_vs @Jesucrypto11 @Osemka8 @__LiqHunter__ @quantdata21 @JamesEastonUK @Sykodelic_ @decodejar @Cryptollica @AssetsNorris And I’m probably forgetting a few. For reference, you can find some of the charts I collected/shared in the comments of the quoted post below.

I really liked this very long term chart shared by Seth Golden (originally from Stifel) some time ago. I can’t reshare the original post because his old account was hacked and ended up blocking me (I’ve included a screenshot of it in the comments.) Using the public data available, we can rebuild a close chart updated through September 2026. What stands out is that every major bubble/mania shown here peaked around the +2σ area. 🔹Historical top zone: ~1.8-2.2σ 🔹Current position: +1.01σ From this chart perspective, there is still meaningful room for the market to push higher, till mid 2030s? So the “bubble is about to pop” narrative may be early, thesis I’ve discussed a few times recently. Feel free to share the updated chart if you like it. 🫡

Would not be surprising

Yes, valuations are elevated. CAPE, market cap/GDP, price/sales and concentration all clearly show it. But I still don't see a full bubble/mania environment and I don't think the current setup can really be compared to 2000 or 1929. I don't want to sound arrogant, talk in absolutes and be dismissive, no certainty for me. But it's just my current view, brainstorming around the bubble narrative and I can be wrong. I simply think the picture is still more balanced than the "everything is in a massive bubble" narrative. Valuations are high, yes, but so far earnings are keeping up and still growing. Most companies are profitable, profit growth is broad, margins are much higher than in 2000 and conventional P/E multiples are nowhere near dotcom extremes. Just my 2 cents. Let's see in the coming months/years if this reading was correct or not.

Back at my desk today and sharing three TradingView watchlists covering the following themes: 1// AI https://t.co/dAwUXFjjHF 2// Robotics https://t.co/PHqgY12R4g 3// Quantum Computing https://t.co/nCbRyca56g Each watchlist is organized by sub sector for easier tracking and understanding. If useful, feel free to add them to your TradingView account, bookmark them, or share them.

Exactly as I keep repeating don’t be surprised if people keeps buying ETFs and give up self custody complexity and risks.

Since I wrote the post below, we’ve had the @COLDCARDwallet seeds exploit, the @SafePal data breach, and two @Trezor data breaches. Don’t ask again why average people are buying ETFs instead of self-custodying their funds. Safety first.

Check out @RESMcycles work and charts. Interesting longer-term thesis discussed, with the associated charts shared several times: 🔸 An intermediate top sometime in 2028, with 2029 potentially being a major correction year. 🔸 Then entering the mania/euphoria phase, pushing markets higher into the mid-2030s. 🔸 Followed by a much larger 10+ year correction across the markets. Check out the comments for other charts ⬇️

Excellent thread and data on Bitcoin from Orion. Definitely worth a read. ⬇️

Will be a bit less active for a week. Still monitoring the market and X, but I’ll probably interact less and only post a few phone charts if needed. September the best time to relax with the family, away from the crowds. https://t.co/Y64BdWyfKC