As I recently analyzed the market of Etherium - I was so shocked about its continuous trade-off in the market. And I found out that this is not for short-term investment but rather it`s for long-term. I am just really fascinated about the changes of crypto price in the market and I want to share my opinion with the community of this forum.
So far, the market of ETH is at its bearish period but it doesn`t mean, it will not stand up the current price. Obviously, if people will again start to buy etherium even for a period of 2 to 3 straight bulk-buys, well, the price will become bullish again. However, Etherium is not advisable for short-term and day-trading activity - it is for long-term perspective.
So far, the market of ETH is at its bearish period but it doesn`t mean, it will not stand up the current price. Obviously, if people will again start to buy etherium even for a period of 2 to 3 straight bulk-buys, well, the price will become bullish again. However, Etherium is not advisable for short-term and day-trading activity - it is for long-term perspective.
Short - medium term ETH may struggle but longer term it can definitely do better. All it would need is for one of the coins that operate on the ERC20 network to really take off. If there is a large use of any of these that will create a big demand for Ether which will push the price up. The ICO market is also dull right now and a lot of previous ICOs are having to cash in their ETH which is hurting the price further.