ETH Downtrend might go to $81.11!!!
Updated
ETH, do not have a major project coming before 16 January (Halving from 3 ETH to 2 ETH per block). But, I think it will not give so much bust. Casper is announced, but it is taking to long, it is one of the reasons because XRP took the second place from ETH in total coin market cap. ETH, goes again to test $105, but looking more into all, it will again test $81, and if that happens before 16 January, it will maybe go even lover. If somehow manage to bounce before, it has a chance to go $150 when "reword" for mining cuts from 3-2 eth per block. I love Ethereum project myself, but this is a sad truth. They have to go "bigger" and the Raiden network needs to come faster, and start to use that, that will give a major boost to ETH, because it will easily do microtransaction like 1,000,000 per sec. Than can ETH go to the second, place again in total market cap.
But, for now, we just have to accept that ETH will fall down much more!
But, for now, we just have to accept that ETH will fall down much more!
Note
As we saw today, ETH does not look good and will go to 82-87 level, and that is if fork does work, if they will have problems with the fork, it will go to $50!!!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.