I had not experienced such horror for a very long time. How could you destroy such a promising project, who will now invest in it? Eth mocked his holders.
The horror show is only at half-time -more horror to come
I think so too. It will drop below $100 in a month or two or thereabout.
How do you estimate the $100 figure ?
Looking at the technical chart of Ethereum, I see it just recently broke the medium technical support level of $225-$200. That was a VERY bearish technical move, showing ETH will possibly test the next support level.
The rate of the price drop and the fact that there is VERY LITTLE TECHNICAL SUPPORT, tells me ETH will drop below $100 in a month or two, maybe even sooner as holders get more and more willing to sell at ever lower prices.
Some holders are in denial and will provide fuel for the next leg down once they realise the price drop wont stop before they are practically wiped out.
Charts cannot predict the future, that is pseudo science. It is like tea leaf reading. Charts are a religion and because so many people belief it in them, it works a little more than 50%.