I guess I felt the need to share some positive news about ETH here:
As bitcoin below the $10k range, the rest of the market followed and it was a fair few days of the majority of coin/tokens being in the red. One of those coins was Ethereum which has been brutally targeted by the gods of crypto. Not only has price significantly crashed in comparison to bitcoin but it has been just underperforming general
But some data suggests that the cryptocurrency could soon be ready to go on a journey of recovery. There are many traders and analysts on twitter who have commented on where they see Ethereum going from here. York780 is one of those traders noted that the one-week stochastic recently became bullish on Ethereums one-week chart. This comes after a two-month-long bear trend that started sometime in early-July.
https://cryptodaily.co.uk/2019/09/ethereum-back-from-deadSo despite the current situation of ETH and altcoin market is general, there are still some positive traders out there who thinks that ETH can enter a bullish phase even for a week.
I think we need to get into the $200 range again to see further growth, a big mental barrier in front of us but as soon as we slice it I think we can still see the price going on like $300-$500 at the end of the year.
What do you guys think?
i'm still optimistic that in Q4, ethereum can enter the bullish trend. the reason is because upon entering the beginning of the year there will be many updates prepared by the devs team for ethereum. if there is no delay about upadate (ethereum 2.0) there will be many requests for ethereum later when entering Q4 later.
certainly at the end of the year, I'm sure the price of ethereum will be above current prices.