While everyone is waiting for growth, I expect a sharp decline. Yes, exactly the one that Nassim Taleb always waits for and he regularly waits.
Due to what the Ether grew from $ 5 to $ 1200? Everything is very simple. He grew up due to the fact that people came to the market, bought the Ether and invested in the ICO. That is, "They needed the ether physically." Demand is growing. The price was growing.
Today everything is different. New people no longer invest in ICO. And old investors sell different chermet, which is called "token." Sell for what? That's right, for the Ether. Then what are they doing? That's right, they go to the market and sell the Ether. He does what? Correctly, falls.
That's all you need to know. There is no black cat in a dark room. But there is a soaring swan of the same color.
Let me correct you mate,because ethereum had reached almost $1,500 and not $1,200 meaning thats higher than what you have said
Bitcoin started as below a penny much lower than the $5 starting price of ethereum,from this you can expect how much this has been dropped from the hype,but ethereum will never go deep as $60 because the bottom has already reached and waiting for the growth again
I agree with what you said, yesterday the worst price of ethereum dropped to only $ 180 and not worse than that, and now the price of ethereum has gone up by $ 200 more so it won't drop again to $ 60.