haha, a 49BTC buy order on Cryptsy at 166. That's crazy!
The person that keeps manipulating the price is doing more harm than good. First they pump it 300% its value in a couple of days at a price it cant sustain and now they have been propping it up at 180 ever since. Every time the price drops to low 170's they pump it back to 190. Now they are getting desperate and put that 50 btc buy wall up.
The problem I think with eac right now is that most of the people invested in eac are people who mined it and bought early on coinedup at much higher prices. These people are not buying anymore. With all the new alts out now, getting new investors is more difficult and that is what eac desperately needs. The best thing for eac right now would be for this guy to just go away and let the price fall to whatever the market feels its worth. Once that happens eac will once again be attractive to new investors and get rid of the multipools for awhile. Then eac can grow naturally and rebound in price and go beyond. Look at some other alt coins that had massive price drops only to completely explode recently. This is what needs to happen to eac.
People prefer manipulated coin than died coin, Doge pumped 10x and more ppl are buying.
And there is no sell pressure, everyday 14M of EAC mined out, if 30% dump to cryptsy thats is
7btc