This is the other scenario. As I said, people buy with , is in a parabollic movement and for sure a bubble. will grow until cannot go lower. That might be the pink line (historical minimum) in the chart, but also because we have a , it might breakout in the same direction as the initial large movement and reach the 640 usd dolars.
Even so, any market needs to be developed. Its the same with Bitcoin vs USD... for sure Bitcoin solves things that the fiat money doesn't but the market needs to be developed. Right now ETH is speculative,which is great, you can make a lot of money from it... but for sure there will be a correction, or now or at 0.05 or at 0.1 (probably not higher than that), presure is growing at the same path as Ethereum price.