THE MASSIVE ETHEREUM BULL RUN IS OVER (for a little while).

in #ethereum7 years ago

bull-market.png

Current bull run is over for Ethereum IMO.

I'd personally wait until things settle down a little to buy. Lots of FUD out there. Whales are taking advantage of new investor's fear. A lot of people severely overextended themselves (even taking out big loans).
They're now panic selling.

I'm predicting correction/consolidation for the next few weeks/months then another big breakout to $500+ if the upcoming network updates are successful.

In the meantime, big investors are looking for alternatives due to what is now daily Ethereum network congestion/fact that "get rich quick" types are putting hundreds of millions of dollars into unproven startups with nothing but a 3 page white paper...😑.

I think Stratis, Antshares, Factom, Waves, Lisk, and NXT will continue to see big increases.

Invest in platforms!! Not shitty startup companies with a nice landing page.

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We have a similar vision, therefore I've decided to upvote and follow :)

Regarding your analysis I'm 100% on the same side, today ETH will try to break the $300 and will see how the traders will react to it. In general I think a lot will also depends on the fork for BTC.... at the end BTC is still running the rules at the moment. :)

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