I think the market right now is mainly driven by people who are FOMO, and we are due to a correction as we seen before, I know that every post here says long ether but I think that it is over extended and overbought and due to a correction.
I dont advice shorting in crypto I am just saying that you might expect a correction,
Fomo? It just broke out into a new ATH after 6 months of consolidation and losing 75% of its value vs BTC. Fomo is nowhere near at this point. Shorting at these levels is financial suicide. Look at the volume, up vs down. ETH will be over $500 in 48 to 72 hours.