Coin Bureau: ETH will fall

Said on Jun 5, 2023, at 3:31 in the video.

What was said
Coin Bureau

@coinbureau

“this sell-off only lasted about eight hours but it seems to have marked a short-term high in the East BTC hinting of further downside”
Watch at 3:31Crypto News: Ethereum Worries, Atomic Wallet Hack, INJ, LDO, & MORE!!
PredictionETHwill fallChecked at fixed windows, from 30 days to 5 years
What happenedafter 1 year
Incorrect

Entry price (first close after the video)

$1,811

Jun 5, 2023

Price at close

$3,810

Jun 4, 2024

Return

+110.5%

S&P 500 +25.5%

ETH closed at $1,811 on Jun 5, 2023. On Jun 4, 2024 it closed at $3,810, a return of +110.5%. SPY returned +25.5% over the same window. The call was that it would fall.

30 days

Incorrect

90 days

Correct

180 days

Incorrect

1 year

Incorrect

The window it was checked over

ETHWindow checked
$1,000$2,000$3,000$4,000$5,000Dec 2022Apr 2023Aug 2023Dec 2023Apr 2024Aug 2024Said on Jun 5, 2023
$1,000$2,000$3,000$4,000$5,000Dec 2022Jun 2023Jan 2024Aug 2024Said on Jun 5, 2023

ETH closing prices, adjusted for splits. The shaded span is the one-year window: it starts at the first close after the video went public and ends at the last close on or before one year after the day the video was published.

Result at every window

All windows are shown, so none is picked
Result at every window
WindowResultAt the startAt the endChangeBenchmark
30 daysR-DIR v4Incorrect$1,811Jun 5, 2023$1,910Jul 5, 2023+5.5%S&P 500 +4.1%
90 daysR-DIR v4Correct$1,811Jun 5, 2023$1,636Sep 3, 2023−9.6%S&P 500 +6.0%
180 daysR-DIR v4Incorrect$1,811Jun 5, 2023$2,165Dec 2, 2023+19.6%S&P 500 +8.3%
1 yearR-DIR v4Incorrect$1,811Jun 5, 2023$3,810Jun 4, 2024+110.5%S&P 500 +25.5%
3 yearsR-DIR v4Correct$1,811Jun 5, 2023$1,771Jun 4, 2026−2.2%S&P 500 +84.2%
5 yearsR-DIR v4Pending——Jun 3, 2028——
Why: 30 days

ETH closed at $1,811 on Jun 5, 2023. On Jul 5, 2023 it closed at $1,910, a return of +5.5%. SPY returned +4.1% over the same window. The call was that it would fall.

Why: 90 days

ETH closed at $1,811 on Jun 5, 2023. On Sep 3, 2023 it closed at $1,636, a return of −9.6%. SPY returned +6.0% over the same window. The call was that it would fall.

Why: 180 days

ETH closed at $1,811 on Jun 5, 2023. On Dec 2, 2023 it closed at $2,165, a return of +19.6%. SPY returned +8.3% over the same window. The call was that it would fall.

Why: 1 year

ETH closed at $1,811 on Jun 5, 2023. On Jun 4, 2024 it closed at $3,810, a return of +110.5%. SPY returned +25.5% over the same window. The call was that it would fall.

Why: 3 years

ETH closed at $1,811 on Jun 5, 2023. On Jun 4, 2026 it closed at $1,771, a return of −2.2%. SPY returned +84.2% over the same window. The call was that it would fall.

Why: 5 years

Not yet resolved. The window closes Jun 3, 2028.

What was said around it

the tentative debt ceiling deal wouldn't be passed it appears that crypto recovered after U.S politicians in both the House and Senate passed the debt ceiling deal but the recovery didn't result in another rally this could have been because there was lots of hawkish rhetoric coming from the FED increasing investor expectations of another rate hike this month what's interesting is that there appears to have been a sudden sell-off in eth relative to BTC after President Biden finally signed the debt ceiling bill into law on Saturday this sell-off only lasted about eight hours but it seems to have marked a short-term high in the East BTC hinting of further downside now this is interesting because the last time the debt ceiling was raised was back in December 2021. in the six months that followed the U.S treasury refilled its bank account by sucking liquidity out of the markets it appears that eth was the hardest hit by this and it only bottomed out when the treasury was finished obviously this wasn't the only Factor impacting eth's price at the time but it could foreshadow similar price pressures in the coming months we'll be doing a video about exactly what the debt ceiling could mean for

What a person said is shown in their own words and is never translated. The link goes to the exact second in the video.

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