Well, I did it. After a week of humming and hawing, I finally pressed the big red "sell" button on my Ethereum (yesterday). For a while there, I was convinced I'd wait until September, but you know how it is. You start to feel the temperature rise, and not because you've left the hob on. The vibes... they just felt off.
I’ve been watching the crypto market like a hawk, and what I saw was a familiar sight: the classic signs of pure, unadulterated euphoria.
I’ve been watching the crypto market like a hawk, and what I saw was a familiar sight: the classic signs of pure, unadulterated euphoria.
Social media feeds, which for months were a sea of quiet technical analysis and sensible market commentary, suddenly became a bonfire of "to the moon" memes and fantastical price predictions. It’s the digital equivalent of a conga line starting at a wedding—fun for a bit, but you know it’s a sign that things are about to get messy.
And the charts? Don’t even get me started.
And the charts? Don’t even get me started.
A quick look at the weekly chart for Ethereum revealed the Relative Strength Index (RSI) was sitting at around 73. For the uninitiated, the RSI is a momentum indicator that essentially tells you if a market is overbought or oversold. A reading over 70 is generally considered "overbought," a polite way of saying the market's been running so hot it's in danger of spontaneously combusting. While it can stay there for a while, it’s a big, flashing warning sign. A bit like getting a text from your mum with an excessive number of emojis—you just know something is up.
I might have gotten out a little early. The price could, and probably will, go up a bit more. But I’m more than happy with my profit, which was substantial enough to make me feel a little bit smug, but not so big that I'm now shopping for a yacht. I cashed out, took my winnings, and now I can go back to thinking about less stressful things, like whether I’ve remembered to take the bins out.
I might have gotten out a little early. The price could, and probably will, go up a bit more. But I’m more than happy with my profit, which was substantial enough to make me feel a little bit smug, but not so big that I'm now shopping for a yacht. I cashed out, took my winnings, and now I can go back to thinking about less stressful things, like whether I’ve remembered to take the bins out.
Speaking of winnings, a quick word for my fellow UK-based investors, because it's an easy one to forget in the excitement. Remember your responsibilities regarding Capital Gains Tax (CGT). For the 2025/26 tax year, the annual exempt amount is £3,000.
My own profit was comfortably within that limit, so HMRC won't be sending me a strongly-worded letter about my Ethereum gains. If your profits are higher, however, you'll need to declare them and pay tax on the amount over the allowance.
So, for now, I'm sitting on the sidelines, watching the fireworks from a safe distance. It’s nice to have a front-row seat to the show without the lingering dread of a spectacular crash. The crypto world is a rollercoaster, and while I love a good thrill, I also appreciate the simple pleasure of a nice, calm, flat stretch of pavement. For now, I'm off to enjoy a cup of tea. It's a bit less volatile.
- May 2026 should be very interesting...



























Musings on life, local happenings, and the world as seen through my lens. I'm Sean, and this is my little corner of the Internet.