Ethereum has been drifting waiting for wind of change
n last review we wrote about the balance of supply and demand near $ 500. Since that the rate has declined a bit. However, under $ 500 there is a demand and it seems to exceed supply. At least now.
So, equilibrium price has been found for current market conditions. Ether has started to drift and it has been fluctuating under influence of casual wind gusts. To move further there is a need for stronger and sustainable wind: changes of market conditions. The change of market participants behavior is needed. Studying the history of last year we can suggest that this drift will continue till autumn. Moving averages will cross. The fluctuations will fade near them. Only then the wind of changes will fill sagging sails of the ship with a proud name Ether. And it will continue its way. To further blossom or to dusk the time will tell. And our reviews too, of course:)
So, equilibrium price has been found for current market conditions. Ether has started to drift and it has been fluctuating under influence of casual wind gusts. To move further there is a need for stronger and sustainable wind: changes of market conditions. The change of market participants behavior is needed. Studying the history of last year we can suggest that this drift will continue till autumn. Moving averages will cross. The fluctuations will fade near them. Only then the wind of changes will fill sagging sails of the ship with a proud name Ether. And it will continue its way. To further blossom or to dusk the time will tell. And our reviews too, of course:)
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