2 Month Bear market for Ethereum
Read the chart...
Bitcoin has been in a correction for almost 2 Months now and in the mean time Ethereum pumped all the way to 4000$, that obviously wasn't sustainable...
Now we find ourselves in a mini BEAR MARKET where I believe that the price of eth will fall between 2000$ and 1500$ before have any major pump.
Why?
1) Ethereum is full of competitors who are cheaper to use.... in situation like this, BNB will outshine Ethereum,
2) Overall market sentiment is bearish therefore a quick recovery is out of the cards,
3) If Bitcoin corrects further down or if it has a major pump both situations aren't good for Ethereum.
Expect lower prices...
Bitcoin has been in a correction for almost 2 Months now and in the mean time Ethereum pumped all the way to 4000$, that obviously wasn't sustainable...
Now we find ourselves in a mini BEAR MARKET where I believe that the price of eth will fall between 2000$ and 1500$ before have any major pump.
Why?
1) Ethereum is full of competitors who are cheaper to use.... in situation like this, BNB will outshine Ethereum,
2) Overall market sentiment is bearish therefore a quick recovery is out of the cards,
3) If Bitcoin corrects further down or if it has a major pump both situations aren't good for Ethereum.
Expect lower prices...
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