Looks like Ethereum may have finally found some support around $245, with the 24hr high at $283. But why are we down here in the first place?
Looking at the week chart we can see one reason for the panic selling.
A price drop to 10cents
Newer investors freak when they see this kind of fluctuations and being shorting, and who knows this could still be market manipulation driving the price down.
Looking at the 3 day chart we can see the steady decline as with most of the cryptos, but this was a little different. Rumors of Vitaliks death, which was started ok Reddit, could have been the spark that set fire to Eth charts.
Market cap: $23 billion
24hr volume: $2billion
Sidenote
Not too long ago the Ethereum market cap was $37 billion going on to rival that of bitcoin!
Thank you for coming to read, upvote, comment or resteem!! Any support is appreciated.
Also you should check out the minnow support! It's here to help us small guys grow!!
https://steemit.com/minnowsunite/@hypexals-spiral/minnow-support-project-how-to
Now that Vitalik is back alive, we good bro haha
and such a witty blockchain response ;)
Haha right
it will bounce back to $300 soon :)
And probably much more if the expectation of $500 by end of the year is correct :)
😎
I hope so
FOMO, Fake news and most important domino effects considering everybody put stop losses all at the same distance.
They were able to manipulate the market just with $13M and a fake news.... At least we all agree that value will go back up really soon :)
I hope so, because fake news or not the damage to the price is done....i don't know if there still is conviction for a 300+ eth.... Might take some time
it's starting to recover already. If we don't see crazy ICO it should be already at 300+ by end of the week.
I hope BTC and ETH and even Steem continue to go down ! Who doesn't love a sale?! ;-) Plus, I've been dying to open up a Bitcoin IRA - and missed the bull run. I want a second chance lol
Haha heard that
aaand it's at 230
220
let the hodling commence...
Or go bearish