๐ Altseason and forecasts.
As soon as the market gets euphoric, forecasts, charts, and infographics start pouring in, telling us that the growth will be almost endless. Here's one example:
The "market cycle psychology" chart (Wall St. Cheat Sheet) is a model that shows how investors' mass emotions alternate in bull and bear markets: from mistrust and hope through optimism, faith, and euphoria to panic, capitulation, and depression, after which the cycle repeats. According to it, $ETH is waiting for us at $15,000.
And there's a lot of that in X right now. Often, everything works the other way