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RE: Ethereum in Possible Breakdown Pattern
Ethereum is currently headed to breakdown much lower as the ICO is actually as an inflationary effect on ether. The additional hundred of millions raised recently is infact harmful to it. Those huge ICOs do nothing but congest the network and also when these people try to liquidate en masse, they also cause the price to breakdown. ICO is currently ethereum's curse.
Thanks for the info! The great thing about technical analysis is that the cause need not be known to limit risk and construct winning trades. The "why" may be the driver, but price is what pays. However, info is always grade as a supplement and for longer term holders can help to build a real investment thesis.