The price of Ether(ethereum) has followed a strange pattern recently. For time references I will be using US east time zone(New York) because that is where the nyse is located, and gives it some financial reference. The price of crypto is linked to the stock market, and the US is less regulated then China(in terms of spread of information) so a link would be more likely in the US
Onto the price
Ether has followed this pattern for 2 days now, so why? I think it may be the fallout of an initial ether purchase that was spent on ethereum 2 staking , this purchase would have been around 100 ether, this would cause a blip. Investors buy, falsely thinking it could be a spike, which actually causes a spike for like no reason. Then it falls as the first investors sell, but then they buy back at a lower price, causing another spike. This will die out, and anyone who bought after the spike started to form will lose money
So how to take advantage of this?
Just buy when the price flattens after the fall. Use a limit order 1$ above the bid(removes the loss from market orders) when buying.