Ethereum going down again. Last few month the ethereum prize going down and down step by step. That time the ethereum based token also down with ethereum. Why it going down? Can it possible, the ethereum back again?
Because ICO investors and bounty hunters are selling their tokens and cashing it out thru Ethereum. That's why since April-May Ethereum has started to decline so fast and its the start of the selling. However, people didn't see it coming because ICO come and go. But it looks like a mad rush to liquidate their Ethereum in the last couple of days and price continue to plummet at a unprecedented rate.
Its possible for Ethereum to recover no doubt about it, but I don't see it hitting another all-time-high and its going to be a struggle to be get to 4 digit marks. You will be luck if you see the price touch $300 at the end of the year.