Ethereum Bounces Back 40% After a Weekend of Despair
Source: https://cointelegraph.com/news/ethereum-bounces-back-40-after-weekend-of-despair
http://www.cnbc.com/2017/07/17/ethereum-bounces-back-from-crash.html
Ethereum bounced back 40% on Monday after seeing the price fall to a low of $130 on Sunday.
Two factors that may have caused the fall below the psychological $200 ETH price, the ICO effect is still being understood with companies selling their ETH (which could vary by company) and the simultaneous fall of Bitcoin's price. BTC had a large effect on many of the cryptos over the past week.
ETH for the year is still up over 2000%.
Ethereum 2 day performance ...and presently trading @ $192.84
How do you think the market will continue? Is this just a short term recovery and the trend of decrease will continue until it is clear what will happen to bitcoin on august 1st? Or will the markets recover back to their standpoint a couple of weeks ago?
I think all will be fine....and you will see BTC rise to $2888 by 8/24 according to Clif HIgh and the Web Bot report. Clif said his work doesn't see any issues. ETH I think learned from it's ICO sell off and more people won't panic next time IMHO.