During the last months, particularly during the last weeks, Ethereum has dropped spectacularly, and all the tokens that are paired with it have gone -80% or more. Can we say that the dirt has been cleaned and we can now invest at the right price?
As you can see it dropped even more, moreover this has very little to do with TA , regards TA we should not have went so low.
The reason is that the ICO projects were and are panicking by selling their collected ETH on open market and because books are think it is easy to dump the price.