Remember crypto? Yeah, we all do. Anyway, take a look at the persistent #2 in that sector, Ethereum. It is worth one-quarter what it was a couple of years back (Raoul Pal’s preposterous predictions notwithstanding) and, importantly, has failed its right triangle pattern. This, to me, is just another tidbit in the growing body of evidence that assets are universally heading south, since the fever has broken.
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