Ethereum chart update
Hi Steemians! Hope you're having great day :)
Ether is consolidating after two waves down. The question is; are we consolidating before we move up again or will the downtrend continue?
I believe it's the latter. The price of Ether is fluctuating in a descending channel and a break above the upper trend line would be bullish. However, on the last attempt to get to that upper trend line we saw weakness, not strength, so I expect some further downside. In sum, I'm short-term bearish, long-term bullish.
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i think it could go lower with every new ICO coming out
a big challenge for ethereum indeed.
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