What is to blame for the collapse of Ethereum prices in just three months, following its upsurge to nearly $1,400?
Underlisted are what I thought
1, regulation. 2, The exchanges and 3, Mining profitability: The price of Ethereum is governed not only through speculative actions, but also by mining profitability
1400$ price spike was obviously a bubble. People got too excited about Ethereum and overbought it. Now it seems like ETH is oversold and we should see a steady price rise. ETH is an awesome technology, it will eventually rise to 10k and beyond. The only question is "when?".
Crypto currency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates an upward trend in Ethereum. Ichimoku Kinko Hyo Cloud is expected to test near the 455 level, from which one should expect a rebound and an attempt to continue the growth of ETH / USD with a target above the level of 525.