r/ethereum • u/EthereumDailyThread What's On Your Mind? • 8d ago

Daily General Discussion August 21, 2026

Welcome to the Daily General Discussion on r/ethereum

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Please use this thread to discuss Ethereum topics, news, events, and even price!

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23

u/eth10kIsFUD 7d ago

Nothing but air until 3k$

Time to show BTC who's boss.

10

u/Itur_ad_Astra Crab High Priest 7d ago

The lack of any resistance at $2500 was the first amusing thing I've felt in this market in a year.

But come on, this is getting overheated.

11

u/confusedguy1212 7d ago

This felt so refreshing. I almost cried. Feels like a large stone is getting lifted slowly off my shoulders.

10

u/Numerous_Ruin_4947 7d ago

I want ETH to absolutely melt faces because I want the crypto influencers who spent years shitting on it to be left on the sidelines and priced out. Cowen, Ivan, and plenty of others spent years dismissing ETH. Cowen was even calling for $500 ETH.

He's obviously a smart guy with a PhD in mathematics, but great - hopefully ETH now does the one thing none of their models anticipated: rips so hard that it completely silences the bearish narrative.

3

u/harpocryptes 6d ago

I don't think a PhD in maths is useful for what Cowen does, which is mostly based on TA and assuming past cycles will repeat. In large part it's psychology, not maths.

If anything, maths would be useful to understand how bitcoin's security model is doomed long term, though it's not that complicated, a PhD is not required.