I'm not a financial adviser so take what I say with a grain of salt. Below are three graphs with general prices trends of ETH, each of a different time period. It potentially looks like we are nearing the bottom and will start to climb back up in price. (See below).
12 Hour Chart
6 Hour Chart
2 Hour Chart
15 Min Chart
Again, it is too soon to tell, and may go down more, but I think the whales are coming. What do you think? Let me know below.
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Looks like a bottom.
Sounds like a bottom...
Smells of a bottom ( market 😝)
I made some moves at what appears to be a bottom. 😏😉😎
I think it could be me you bring forward good points and visual references to think over.
Let's see where she goes...
🤑 or 🤕 ?
Thanks for sharing this. Probably you are right. So lets buy some rth.
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Good stuff man. I came to the same analysis.
she will be fine :) STEEM ON and thanks for the follow. followedback steemian
I bought 2 whole Ethereum when he price was around $30. It was a bit invigorating to see my two whole coins reach around $400 each at some point. Now that it has gone down somewhat, I feel like Zzzzzzz... Anyways, holding them. :)
I bought at $228 so yea... I'd put money on it : )
Awesome !
I think it is. More importantly, I sure hope so. I think panic selling along with folks taking in their profits have taken it down significantly. I still think it is a very strong buy.
Check the reason for ethereum price plunging >> https://steemit.com/ethereum/@protrado/hoax-news-of-vitalik-buterin-s-death-caused-ethereum-to-drop-20-wiping-out-usd4-billion-in-market-cap
I thought it was due to Status selling a large portion of the ETH it just raised during its ICO? That's what had people scared and panic selling.
I was on 4chan when the rumor started, and ETH was already steadily plunging, though, so I don't think it played as big an effect as people think...
i would hope so.
I do worry for ethereum at this point. I don't think much could turn me into an eth bull at this point. I think we may see litecoin overtake it in market cap this year.
let us hope so !
Thx for sharing but I dont belive this is the case. Since fear has kicked in bigtime and it started a somewhat bearmarket i expect a 50% - 70% market drop in the upcomming weeks.
I think it will, a lot of those losses were due to the flash crash and subsequent panic selling imo. Although i hear there may be problems with the Ether blockchain, but i can not confirm.Thanks for posting. Upvoted and followed
Vitalik lives! I think it wil climb back up again for sure
I think it is panic selling. It'll bounce back!
I hope it was the bottom, was lucky enough to buy at $219, can it hit the moon now please!
I like etherium and bitcoin from just reading about some post. Of coarse bitcoin but I think the buy is in the alt coins.
Right now I think buying some steem is next on my list!
Nice post my friend.
The price going forward will fluctuate. But a much better entry point here than one week ago.
We tend to think in the short term on a day to day basis of what is happening to the price. If you have confidence in the future of crypto-currencies then you should be loading up more at the depressed prices. It is a buying opportunity for those who can.
We got 2 warnings on the national news by now.
They tell us bitcoin and ethereum is a bubble.
Don't buy they say.
So when the news and banks say no.
We say YES
voted
this isn't the bottom from what I have deduced
Thank you very much for your sharing! Yes, I am waiting for the bottom (though I don't think I can really catch them.) As I have not yet purchased any altcoin, the price for all altcoin last week is just too high to purchase. So, I think it is a good chance for me. Waiting you to find out the bottom!
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He is not a financial advisor? Well, he ain't no chef either. I tried Ethereum, with a grain of salt. Yuct! It tasted terrible. Just kidding. I had to joke, I am so sad with the way our world is heading. I hope digital currency really is a step and not a noose. At least there are people trying. Cross your fingers. Maybe, we are on to something. Keep giving advice. Information is also a way to defeat the chains of debt bondage. Thanks.
Thanks for the info. I see Ether coming down little bit more than heading back up. My buy price is 220.00 I really see it coming down.
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ehhh you may be right rabbit...you may be right!
been taking my profits and stacking them on margin on the way down for the past 24 hours and just reversed the strategy and started going long an hour ago.
Only time will tell...still wrapping my mind around Elliot fractals for market predicting.
Got plenty of gas for a long trip back up the mountan...just need an alarm bot to help me take advantage of the inevitable dips as well. So tired of the moment by moment day trade scene.
The present says no... no it was not... the future says it's probably still not the bottom...
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like a rocket or a balloon ?