There absolutley no reason why this cannot happen. Does anyone else think the price is just too hight and not expecting a big correction?
Please leave your thoughts.
Comments
holodigm
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Good call. Tracking closely, although I think it will come back down to test support at 260
FlushGriff
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lol! I should of put buy orders in at $120 they would of been filled :-) My prediceiton came in for a blip of a second.
UnknownUnicorn194809
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I want to say I have an idea but then I look at Bitcoin's chart...
FlushGriff
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@JohnCameron93, I think it will meet its previous high on your wave 5 and then thats were I can see profits being taken.
UnknownUnicorn194809
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@FlushGriff, Agreed, comparing the volumes of XBTUSD and ETHUSD as well you can see XBT is always increasing. Maybe even ending volume which is more of a signal of a top and ETH volume is currently decreasing which might be signalling that it is resting at current prices.
FlushGriff
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We have noticed that the market cap has grown very quickly I am thinking the money has come from banks, hedge funds ect. Their going to be in it for the short term and will pull the profits then the average Joe will panic and pull theirs too especially people that have bought in the last 2 days then a knock on effect.
I am not an expert but its something I can see happening as they will steel the profits and they will love for it too drop to $120 again. I underestimated ETH growth on a few occasions and should of stayed in but this rapid growth makes me think we will see a rapid drop and maybe pump on some Alt coins or a switch to the dip in bitcoin.
I agree that ETH is going to eventually be in first place but i feel now maybe a bit quick maybe over the next 6-7 months.
dufc1983
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it will correct but not by that much m8. do you kno wanything about the underlying tech of eth? its p[ractically bitcoin 2.0
zoomboards
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are you high? dropping to $120
Quaratineuk
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Not at all,
Power is within eth now. maybe slight market fall not a lot though.
BigTallChris
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Actually, there are quite a few reasons why "this cannot happen." Atems listed three of them, with smart contracts being made each day being the most important.