The downfall of Bitcoin and Ethereum or a correction

How long will it take before the correction is over? this is probably the biggest question many crypto trading communities and cryptocurrency investors will wonder?

As you all noticed Bitcoin and Ethereum were going up in price for a long time and now it is all going down in price.

Bitcoin

The biggest coin is testing its long-term trendline currently, and that corresponds with a strong previous support level between the $2150 and $2200 levels providing a possible base for a bounce. The short-term charts are getting oversold already, so a bounce back towards $2400 is in the cards today. If I were shorting Bitcoin (which I don’t do) I would close a large chunk of my position around these levels. Long-term investors may already add to their positions here, although the re-test of the $1875-$2000 zone is still possible.

Ethereum

Ethereum followed BTC lower despite its recent strength,the $270-$250 zone looks ideal for long-term investors to add to their existing positions. A spike towards the $200-$230 zone is still possible after the monster rally, but the fundamental story remains intact for Ethereum, and we expect the bull market to continue after the correction runs its course.

Source: https://hacked.com/cryptocurrency-update-bitcoin-ethereum-30-40-correction-accelerates-time-buy/