it's been a steady price for Ethereum since the begining of this month, still moving within 200 - 240$ Usd , do you think this is a bad sign for ETH?
The recent dump has been pointed out in the twitter that it was caused by a massive scam in China that are in billions and right now they have BTC, ETH and EOS. So in conclusion, that scammer group will just continue to dump btc as well as eth so ethereum won't even be able to struggle at all but to go lower to what we are expecting because of this incident.
But do you feel that the news of this scam comes at the right time when the price of bitcoin has been pumped and needs something to adjust or not? And with such a strange coincidence, ethereum's price struggled and fell low, which was due to the desire of some people, the information we see is just that they create the effect so that everything seems to be very reasonable. And if they intentionally do so, change is impossible, we can only wait until they have what they want, ethereum will come back very naturally and no longer struggle