CryptoWolfSignal
Long

Long Term Investment for Ethereum

BITFINEX:ETHUSD   Ethereum / U.S. Dollar
#ETH
Ethereum has made a long corrective way, reducing its value to -87%, which indicates the beginning of the formation of the soil for building a new cycle of its development. Since there are chances to leave for a little lower, we recommend making a purchase in part, as the price decreases. Globally at the beginning of 2019, the market aims to overcome higher levels of resistance, and indicative targets are Fibonacci levels with an ending point in the form of its absolute maximum of about $ 1,400
Why would you recommend this? Fundamentally the only demand we're seeing for ETH is purely speculative, sure the speculative market can drive price a bit but at the end of the day the demand side of this equation has been consistently decreasing. The sell side remains strong. Where do you think this new demand will come from? People who are interested in crypto are already here and have also already left. Insitutions interest in crypto is, logically, on the equity side which is the most reasonable.

The token model is definitely a novelty but outside of speculation and the greater fool theory, token appreciation has stagnated and for good reason.

So my question stands, where do you think this massive demand for ETH is going to come from? Sure you have some technical analysis pointing to a long-term positive trade, but the fundamentals just aren't there. There isn't much underlying this asset class that will drive future demand. You can argue system functionality but the velocity problem there torpedoes any potential for serious price appreciation.
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really there's even probability of 130-120 on cards? -_- I thought I would be lucky even if I'm able to fetch more ETH at 170/180 levels.
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