Is Ethereum Uptrend Due to Newly Chinese Uptake?

in #ethereum7 years ago

IMG_6443.PNGSo i have been keenly watching the market recently,This for one is due to the All Time fear of every one talking of the Crypto-Bubble,'Pumps and Dumbs' They say!

But one Amusement is ETHEREUM...
ETH been on the rise for the past weeks i would say in general,Some talking of a bubble,some calling it just a protocol,Others saying its the begining of the first internet of itself in The blockchain Technogy.

I am always a fan of Technical Analysis ,precise Chart behaviours,but then Today i come on the less thought path,The Fundamental side of it All.
Is ETH being pumped by the Recent Intake of the Chinese Market?
IMG_6444.PNG

As we know the market ,Chinese Market,has been and still is the leading Bitcoin uptake market,but with the problems which recently came with there two biggest exchanges they have been on the lockout for a while.

But if not the case then,The Revival of Okcoin and Huobi could not bring about the Adding of ETH in there exchanges,Opening the Chinese market to adoption of ETH,as the strategy of the Exchanges is to regain the lost userbase.

So many will talk of A Big ETH dump,Others will say of a steep Price pump,but then sometimes have the tendancy to give a look at situations with a different eye,Overlooked perspective.
Sometimes you do not have to look at the product but then also look at The Users.

So literally :
For ETH,i dont tend to overlook the fundamental Analysis
Which if i can categorize into two:
1.Chinese(Asia)Opening market to Ethereum.
2.Most ICOs using the Ethereum protocol infrastructure.(..Topic Loading)

MY 2 cents

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Interesting. I just got into ETH recently. So I am paying more attention to stuff like this. Nice post

More Elaboration will be coming.
Thank you for the interest

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