Dear Crypto-Family <3
D4rkEnergY is live from Seoul Airport with a new update on Ethereum. Let's jump right in - I have to catch a flight in 10 minutes! I know, all the last updates on Ethereum all have been S.O.S, Oh No, Head dives to 580, ETH is struggling and so.
I really want to, but I still cannot come with good news to you guys! Ethereum has lost 14 % (!!) the last 24 hours compared with Bitcoins 6 %. I told you last time about the lack of support levels and the correlation between ICOs and the ETH price, which is the reason why we once again are witnessing this blood bath.
I am convinced though that as soon we go in an uptrend again, Ethereum will shoot up, so don't worry. Most of the ICO's are build on Ethereum Smart Contract Platforms, even though NEO in the future will take over more.
As you can see here on the 4h ETHUSD Chart, we are facing one bear flag after another. We are seeing this over and over again on many altcoin charts.
You can expect Ethereum to go to 480 next time.
Gotta catch the flight!
Please give a like - It's much appreciated.
D4 loves you <3