Will ETH go POS soon?
Relax, there is Fait currency run on Bitcoin, started by that MT.GOX person. The Bitcoin loyalists are selling off their holdings in other altcoins to buy up those Bitcoins.
Ethereum is the most valuable altcoin and it can be exchanged for Fait, which can then be used to buy up Bitcoins.
So, there will be some price lows, until the Bitcoin loyalists have little Ethereum coins left to sell.
Then, you see
steep rebounds in Ethereum prices.
But, this looks like the end "all boats" theory. A theory that needed to die anyway.
This is true, but the ETH selloff has been due to the SEC in the USA issuing strong words about ICO regulation. Since many ICOs are made possible by Ethereum, people are getting out. ETH is just an alt, like any alt it is measured against BTC. GENERALLY, When BTC goes down, alts dump... When BTC shoots up, alts dump (in BTC terms). ETH is no exception. So, couple the ICO regulation and BTC falling and it's a double-pronged attack against ETH.
Look at the long term ETH charts.... It's still kind of highly historically. $150 seems like a good spot to accumulate ETH again when it gets there. Will ETH be up to $2k one day? Maybe, but then BTC would likely be over $30k too.