Quote from: bbc.reporter on September 05, 2016, 06:17:04 AM

Quote from: yefi on September 04, 2016, 01:54:42 AM

Quote from: Quickfant on September 01, 2016, 12:36:29 PM

I think the upper trend of the ETH has been established. So the price could rise further in the next few weeks.

I've been trading XMR mostly of late, but am keeping my eye on ETH. The drop to .019 isn't great, but as long as it can keep above support at 0.0186 there's still a bullish case.

But what if it will go below 186k satoshis. Is there a case for shorting ETH? If yes then how low do you think this will drop if it breaks support? I am speculating that some traders might be shorting ETH right now because it might really break although it has not been really tested yet.

I think we'll see a bull run similar to what happened with BTC before the halvening in the next days. It was all quiet but all of a sudden price jumped. Devcon2 will be a major force and I think we could see prices above $20. They have been working on a lot of stuff, no real world usage dapp or dao yet though. They do have a lot of business support (Microsoft, Samsung and now Santander) and many devs are interested in working on ETH blockchain, that alone won't let the price dip below $5-8 bucks for the near future. Plus China exposure and new exchanges coming, you do the math.

Ethereum survived the DAO hack almost intact in terms of valuation so the potential to grow now can't be dismissed (the price never even reached lows of $7 before the ICO...).

I've sold most of my ETH after the hard fork, made some money but it's too unpredictable long term (I hold some and will trade it though). If it goes lower than 180 I will buy some more (I don't really see that happening unless BTC goes to $700 this week which I highly doubt).

Also, once BTC prices jump all alt bleed for a day because of profits taking but then they adjust. You can't really have BTC at $800 and Factom, Monero or Ethereum at $2, $3 and $8. The whole market jumps because it behaves as an industry.