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X @Michaël van de Poppe
Michaël van de Poppe· 2026-05-12 11:40
Narrative follows price, not the other way around.Price continues to go down for $ETH, so there's a narrative being built up that the CLARITY Act approval will likely end up being bad for Ethereum, so price continues to fall down.That's when you get the 'sell the rumor, buy the news' type of events.Similarly with the Iran war. The start of the Iran war must be bad for the entire economy.As a coincidence, Gold price was already going upwards, so the narrative built up momentum to large new ATHs, resulting in ...