Ethereum price structure guess
Updated
Using wave theory to complete a wave cycle this seems to be the most likely scenario.
Ethereum currently has no fundamentals or use case to back it's price.
Perhaps either of those two things could help Ethereum recover, but until that point in time I can see ETH at $12, or ever under $1.
Price thoughts:
Expecting Eth to hit a high of either $169 or $189, before continuing on it's downtrend.
Next good bounce should be between $30-$40.
Ethereum currently has no fundamentals or use case to back it's price.
Perhaps either of those two things could help Ethereum recover, but until that point in time I can see ETH at $12, or ever under $1.
Price thoughts:
Expecting Eth to hit a high of either $169 or $189, before continuing on it's downtrend.
Next good bounce should be between $30-$40.
Note
Note
Eth may never see the $169 or $189 mark.
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