Ethereum Price correction continues are we seeing the light at the end of the tunnel?
Ethereum has new competition in the industry and its causing some people to panic. I wrote a topic on Seoclerks about the ETH fall stopping and a rise coming and i was correct. ETH went from 10.50 to 10.75 before dropping back down to 10.50 again. If you paid attention you where able to make a few bucks due to this drop. I wanted to explain up trends and down trends and explain why i think ETH is going to go back up in the near future.
The first arrow shows a sharp decline but if you notice rite after it started to level out, and i believe its finding support at 10.50. The reason i believe the down trend will end is because as you can see the second arrow shows a change in momentum towards increase. At the very end of the chart it seems to show that its leveling out, and only time will tell whether it will continue to go down or go up.
I think Ethereum will start to rise soon and i think the reason will be because of the new competition. Unless they can deliver everything they promise in the near future Ethereum investors will see the value and they will start to buy ETH more. My hope is that the competition fails to further strengthen the price. ETH may drop more and if it does iu would invest as soon as possible and wait. ETH is Expected to reach over $14 in the next 3 months.
As always thank you for reading please don't forget to follow me.