Post
Topic
Board Altcoin Discussion
Re: I just mortgaged my house to buy ethereum(sold my position)
by
Zitdadast
on 30/05/2016, 12:08:11 UTC
So, where´s the support in this thing? $5? Lower?

I think $5 could be a good support for Ethereum. But the price is hovering above $8 for a few weeks.

If we look at the charts of Bitcoin and Ethereum of a few months, we will notice that whenever the price of bitcoin is increased the price of Ethereum decreases, so now it is hovering around $8 as the price of bitcoin is at some stability, but whenever everyone will buy bitcoin at the time of halving the price of Ethereum will go much down. and the time of buying will start at that time , now is not the time to buy Ethereum,

If that is true, then it is not good for the price of Ethereum. I think the bitcin price will rise a lot in the medium term.

yes, I am also looking that the price of bitcoin is increasing but last two days there were a little bit increase in ethereum also occur, do not know that will it directly proportional or inversely, but currently I am focusing on bitcoin, not on ethereum.

The Ethereum price is quite strong at the moment. It did not drop to $10 or below from the recent highs.