In finding the bottom: when will the correction Ethereum and who provoked it?
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No One likes when his portfolio is fading away. Unfortunately, the holders of Ethereum just go through the painful process «correction» its own assets.
A Sharp drop in prices cause not just frustration but real anger in the Internet are rumors about the possible associated with the exchange BitMEX and personally by its Creator Arthur Hayes. I found its bottom? This tried to understand .
theWhat's wrong with Ethereum
This month, the second capitalization cryptocurrency new record prices — 171 dollar for one coin. It seems that the market is still under the influence of the news of the manipulation on the stock exchange BitMEX.
Its CEO Arthur Hayes, too, is not enthusiastic about the project Vitalik Buterin. Not everyone will allow themselves to openly name the Ethereum «sitcommom», who need to short sell. So Hayes recently described the cryptocurrency chat BitMEX. Sharp Arthur's words immediately caused a storm of indignation from some Twitter users.
Why is the founder () of one of the largest crypto exchanges () telling his customers to short "that shitcoin named Ether"?
Seems like blatant market manipulation.
— Eric Conner (@econoar)
He Buterin seems to no attention to the attacks on the part of Hayes. In Ethereum Foundation is now in full swing hard work team coins actively preparing for the transition to PoS and hard forks .
inverse chart is heavily oversold. The game is played between Big Whales & ICO Promoters who controls significant chunk. Currently testing a crucial 88.6% Level at 166 Area
Weekly candle close below this wont. Anything below 160 will violently reverse back up
— Trading Room (@tradingroomapp)
Reverse graph Ethereum is insanely oversold. An ongoing fight between Large Whales and ICO for a huge chunk of the market. The price is testing the level near $ 166. Weekly candle does not close below, as followed by a strong rebound.
What's next? A couple of days ago a «analysts» with all his screaming about the collapse of the Ethereum below hundreds of dollars. Today put everything in its place — the cryptocurrency has increased by 21 percent in just one day. It is unknown whether it was a short rebound before further drop or Ethereum still be able to gain a foothold above $ 200.
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