This past week or so has been an eventful one.
With Altseason in full force, we can see just how volatile this market can be in the altcoin space — from $ETC pumping 400% in 2 days, $SHIB now worth $11 billion dollars, and $DOGE enjoying its time in the NBC limelight.
Last week we talked about the initial Ethereum pump above $3,000 and where it would likely head: either rip higher in violent fashion, or back test the $3,000 level for support. Obviously, it ripped higher.
Ethereum continues to pump violently upwards as it crossed the $4,000 dollar mark last night. Remember, this is the time for altcoins to pump, and if you remember from last week, when I talked about how money flows during Altseason, you know that it works in phases. I made another flow-chart to further breakdown the money flow:
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